Sundial Growers (NASDAQ:SNDL) Stock Price Up 8.1%

Shares of Sundial Growers (NASDAQ:SNDL) were up 8.1% during trading on Wednesday . The company traded as high as $9.00 and last traded at $8.67, approximately 805,011 shares changed hands during trading. A decline of 14% from the average daily volume of 940,190 shares. The stock had previously closed at $8.02.

Several research analysts recently weighed in on the stock. CIBC assumed coverage on shares of Sundial Growers in a research report on Monday, August 26th. They set a “neutral” rating and a $11.00 price target for the company. BMO Capital Markets raised shares of Sundial Growers from a “market perform” rating to an “outperform” rating and set a $12.00 price target on the stock in a research note on Tuesday. Finally, Cowen initiated coverage on Sundial Growers in a report on Monday, August 26th. They issued an “outperform” rating and a $20.00 price objective on the stock.

Sundial Growers (NASDAQ:SNDL) last issued its quarterly earnings results on Wednesday, August 14th. The company reported ($0.12) EPS for the quarter. The company had revenue of $14.43 million during the quarter.

About Sundial Growers (NASDAQ:SNDL)

Sundial Growers, Inc produces, distributes, and sells cannabis. It intends to target the premium segment of the adult-use cannabis market. The company was founded by Stanley J. Swiatek and is headquartered in Calgary, Canada.

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