Equities researchers at Canaccord Genuity started coverage on shares of KushCo (OTCMKTS:KSHB) in a research report issued to clients and investors on Tuesday, MarketBeat.com reports. The firm set a “speculative buy” rating and a $7.50 price target on the stock. Canaccord Genuity’s target price suggests a potential upside of 34.17% from the company’s current price.
Several other research firms have also recently weighed in on KSHB. Northland Securities started coverage on shares of KushCo in a research report on Wednesday, October 10th. They set an “outperform” rating and a $8.75 price objective for the company. Zacks Investment Research upgraded shares of KushCo from a “sell” rating to a “hold” rating in a research report on Tuesday, September 18th.
KSHB opened at $5.59 on Tuesday. KushCo has a twelve month low of $2.75 and a twelve month high of $8.51.
In other news, Director Dallas Imbimbo sold 224,174 shares of the stock in a transaction on Wednesday, September 12th. The shares were sold at an average price of $5.41, for a total transaction of $1,212,781.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 36.70% of the company’s stock.
KushCo Holdings, Inc, through its subsidiaries, provides various products and services for the regulated cannabis, CBD, and other related industries. It distributes vaporizer products, packaging, supplies, and accessories, as well as offers branding services to cannabis operators; and provides hydrocarbon gases and solvents to the cannabis sector.
See Also: Fundamental Analysis
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