Glass House Brands (NYSE:GLAS) Stock Rating Lowered by Zacks Research

Glass House Brands (NYSE:GLAS) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

GLAS has been the subject of several other research reports. Lake Street Capital assumed coverage on shares of Glass House Brands in a research note on Monday, July 13th. They set a “buy” rating and a $17.00 price target for the company. Canaccord Genuity Group set a $15.00 price objective on Glass House Brands in a research note on Friday, August 14th. Wall Street Zen upgraded Glass House Brands to a “sell” rating in a report on Sunday, July 12th. Finally, Weiss Ratings assumed coverage on Glass House Brands in a research report on Wednesday, July 1st. They set a “sell (d+)” rating for the company. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Glass House Brands has a consensus rating of “Hold” and an average target price of $16.00.

Glass House Brands Stock Up 3.5%

Shares of GLAS stock opened at $9.85 on Thursday. Glass House Brands has a one year low of $5.15 and a one year high of $13.93.

Glass House Brands Company Profile

Glass House Brands Inc is a vertically integrated cannabis company focused on the cultivation, manufacturing, and distribution of cannabis products in California. The company operates greenhouse and processing facilities and serves both the medical and adult-use cannabis markets through its branded product portfolio and wholesale channels.

Its business includes growing cannabis, producing finished goods, and selling flower, pre-rolls, and other cannabis products under its own brands as well as through third-party partnerships.