MKM Partners analyst William Kirk maintained a Buy rating on Flora Growth (FLGC – Research Report) today and set a price target of $6.00. The company’s shares closed last Friday at $3.03, close to its 52-week low of $2.85.
According to TipRanks.com, Kirk is a 1-star analyst with an average return of -2.5% and a 42.8% success rate. Kirk covers the Consumer Goods sector, focusing on stocks such as Bj’s Wholesale Club Holdings, Albertsons Companies, and United Natural Foods.
Flora Growth has an analyst consensus of Moderate Buy, with a price target consensus of $6.00.
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Flora Growth Corp is a vertically integrated cannabis company. It is focused on becoming the largest producer of low-cost naturally grown medicinal-grade cannabis oils, CBD-infused foods and beverages, and pharmaceutical-grade medical and cosmetic-grade derivatives from the cannabis plant. It prioritizes organic ingredients and value-chain sustainability across its portfolio to create products that help consumers restore and thrive.
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