Canaccord Genuity Raises MedReleaf (LEAF) Price Target to C$30.00

MedReleaf (TSE:LEAF) had its price target lifted by Canaccord Genuity from C$21.50 to C$30.00 in a research report released on Wednesday. The firm currently has a buy rating on the stock.

Other research analysts also recently issued research reports about the stock. Eight Capital increased their price objective on shares of MedReleaf from C$13.00 to C$20.00 and gave the company a buy rating in a research report on Wednesday, November 15th. Cowen increased their price objective on shares of MedReleaf from C$20.00 to C$36.00 in a research report on Monday, January 8th.

MedReleaf (TSE LEAF) opened at C$20.40 on Wednesday. The firm has a market cap of $2,040.00 and a P/E ratio of 1,020.00. MedReleaf has a 52-week low of C$6.81 and a 52-week high of C$31.25.

In other MedReleaf news, insider Stephen Arbib sold 36,600 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of C$18.01, for a total value of C$659,166.00. Also, insider Olam Ltd. Tikun sold 28,600 shares of the stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of C$25.00, for a total transaction of C$715,000.00. Insiders sold 1,145,100 shares of company stock worth $25,037,466 over the last quarter.

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About MedReleaf

MedReleaf Corp. produces and sells cannabis-based pharmaceutical products in Canada. It offers dried cannabis, cannabis oils, and cannabis oil capsules; and various accessories, including grinders, vaporizers, and lockable containers. The company was incorporated in 2013 and is headquartered in Markham, Canada.

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