Decibel Cannabis (CVE:DB) PT Set at C$3.75 by TD

Decibel Cannabis (CVE:DB) has been given a C$3.75 target price by TD in a note issued to investors on Friday, BayStreet reports. The firm presently has a “buy” rating on the stock. TD’s target price would suggest a potential upside of 134.37% from the company’s current price.

Separately, TD Securities raised Decibel Cannabis from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Strong Buy” and an average target price of C$1.93.

Decibel Cannabis Stock Performance

CVE:DB remained flat at C$1.60 on Friday. 6,917 shares of the company’s stock were exchanged, compared to its average volume of 19,026. Decibel Cannabis has a 52 week low of C$1.35 and a 52 week high of C$2.25. The stock has a market cap of C$61.55 million, a P/E ratio of -10.67 and a beta of 0.32. The stock’s 50-day simple moving average is C$0.53 and its two-hundred day simple moving average is C$0.27.

About Decibel Cannabis

Decibel Cannabis Company Inc, an integrated cannabis company, engages in the cannabis cultivation, processing, and sale of cannabis flower products in Canada. It is also involved in the extraction, processing, and manufacturing vape cartridges, cannabis infused products, cannabis extracts, and glass tube packaging for pre-rolls. In addition, the company engages in the cannabis retail business through operating operational retail locations in Saskatchewan, as well as an e-commerce cannabis platform throughout the Province of Saskatchewan; and operational retail locations in Alberta.