Piper Jaffray Companies Begins Coverage on Charlotte’s Web (OTCMKTS:CWBHF)

Piper Jaffray Companies assumed coverage on shares of Charlotte’s Web (OTCMKTS:CWBHF) in a research report released on Monday, BenzingaRatingsTable reports. The brokerage issued an overweight rating and a $25.00 price target on the stock.

Separately, Benchmark initiated coverage on Charlotte’s Web in a research report on Wednesday, April 24th. They set a buy rating and a $25.00 price objective for the company.

Charlotte’s Web stock opened at $18.73 on Monday. Charlotte’s Web has a twelve month low of $8.13 and a twelve month high of $25.25. The stock has a 50 day moving average of $17.46 and a two-hundred day moving average of $16.65.

About Charlotte’s Web

Charlotte's Web Holdings, Inc produces and distributes hemp-based, cannabidiol wellness products in the United States. It offers products in the categories of tinctures, capsules and topical products. Charlotte's Web Holdings, Inc distributes its products under the Charlotte's Web name through its e-commerce Website, as well as wholesalers, and brick and mortar retailers.

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