Decibel Cannabis (CVE:DB) Upgraded to Buy at TD

Decibel Cannabis (CVE:DB) was upgraded by investment analysts at TD from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage currently has a C$0.25 price target on the stock, up from their previous price target of C$0.15. TD’s price target points to a potential upside of 92.31% from the stock’s current price.

Separately, TD Securities set a C$0.10 price objective on shares of Decibel Cannabis and gave the stock a “hold” rating in a research note on Tuesday, February 24th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$0.18.

Decibel Cannabis Price Performance

Shares of Decibel Cannabis stock remained flat at C$0.13 during trading on Friday. 541,045 shares of the stock traded hands, compared to its average volume of 327,549. The firm has a market cap of C$74.99 million, a PE ratio of -13.00 and a beta of 0.07. The stock has a fifty day moving average of C$0.13 and a two-hundred day moving average of C$0.11. Decibel Cannabis has a one year low of C$0.06 and a one year high of C$0.15.

Decibel Cannabis Company Profile

Decibel Cannabis Company Inc, an integrated cannabis company, engages in the cannabis cultivation, processing, and sale of cannabis flower products in Canada. It is also involved in the extraction, processing, and manufacturing vape cartridges, cannabis infused products, cannabis extracts, and glass tube packaging for pre-rolls. In addition, the company engages in the cannabis retail business through operating operational retail locations in Saskatchewan, as well as an e-commerce cannabis platform throughout the Province of Saskatchewan; and operational retail locations in Alberta.