Decibel Cannabis (CVE:DB) Rating Increased to Strong-Buy at TD Securities

TD Securities upgraded shares of Decibel Cannabis (CVE:DB) from a hold rating to a strong-buy rating in a research note published on Friday morning,Zacks.com reports.

Separately, TD upgraded Decibel Cannabis from a “hold” rating to a “buy” rating and raised their target price for the company from C$0.15 to C$0.25 in a research note on Friday. One analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, Decibel Cannabis has a consensus rating of “Strong Buy” and an average price target of C$0.18.

Decibel Cannabis Price Performance

Shares of CVE DB opened at C$0.13 on Friday. The firm has a market cap of C$74.99 million, a PE ratio of -13.00 and a beta of 0.07. The company’s fifty day simple moving average is C$0.13 and its 200 day simple moving average is C$0.11. Decibel Cannabis has a 12-month low of C$0.06 and a 12-month high of C$0.15.

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.