Glass House Brands (NYSE:GLAS) Downgraded by Zacks Research to Hold

Zacks Research lowered shares of Glass House Brands (NYSE:GLAS) from a strong-buy rating to a hold rating in a research note issued to investors on Thursday,Zacks.com reports.

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

Glass House Brands Stock Performance

Shares of GLAS stock opened at $9.85 on Thursday. Glass House Brands has a 1 year low of $5.15 and a 1 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.