Aurora Cannabis (ACB) Receives a Hold from CIBC

CIBC analyst John Zamparo reiterated a Hold rating on Aurora Cannabis (ACBResearch Report) yesterday and set a price target of C$2.25. The company’s shares closed last Monday at $1.47, close to its 52-week low of $1.43.

According to TipRanks.com, Zamparo is ranked #5603 out of 5913 analysts.

Aurora Cannabis has an analyst consensus of Hold, with a price target consensus of $2.34, a 63.6% upside from current levels. In a report released today, MKM Partners also upgraded the stock to Hold with a C$1.75 price target.

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Based on Aurora Cannabis’ latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $974 million. In comparison, last year the company had a GAAP net loss of $180 million.

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Aurora Cannabis, Inc. engages in the production, distribution and sale of cannabis products. It also produces and sells indoor cultivation systems and hemp related food products. The company was founded by Terry Booth and Steve Dobler on December 21, 2006 and is headquartered in Edmonton, Canada.