HEXO (HEXO) Shares Gap Up to $6.10

HEXO Corp. (NASDAQ:HEXO) gapped up prior to trading on Friday . The stock had previously closed at $5.90, but opened at $6.10. HEXO shares last traded at $6.12, with a volume of 173104 shares trading hands.

A number of equities research analysts have recently issued reports on HEXO shares. CIBC started coverage on shares of HEXO in a research note on Tuesday, February 19th. They issued an “outperform” rating and a $7.00 price target on the stock. Oppenheimer started coverage on shares of HEXO in a research note on Tuesday, February 19th. They issued an “outperform” rating and a $7.00 price target on the stock. Seaport Global Securities started coverage on shares of HEXO in a research note on Thursday, February 21st. They issued a “buy” rating and a $12.00 price target on the stock. Beacon Securities reissued a “buy” rating on shares of HEXO in a research note on Tuesday, February 19th. Finally, Jefferies Financial Group started coverage on shares of HEXO in a research note on Monday, February 25th. They issued an “underperform” rating on the stock. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. HEXO presently has an average rating of “Buy” and a consensus target price of $8.67.

TRADEMARK VIOLATION WARNING: This article was first reported by Sports Perspectives and is the property of of Sports Perspectives. If you are viewing this article on another site, it was copied illegally and reposted in violation of US & international copyright & trademark laws. The correct version of this article can be viewed at https://sportsperspectives.com/2019/03/17/hexo-hexo-shares-gap-up-to-6-10.html.

HEXO Company Profile (NASDAQ:HEXO)

HEXO Corp., through its subsidiary, HEXO Operations Inc, produces, markets, and sells cannabis in Canada. The company offers dried cannabis under the Time of Day and H2 lines; Elixir, a cannabis oil sublingual mist product line; and Decarb, an activated fine-milled cannabis powder product. It provides its products under the HEXO and Hydropothecary brand names.

Recommended Story: Cost of Equity For A Business, Investors

Receive News & Ratings for HEXO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HEXO and related companies with MarketBeat.com's FREE daily email newsletter.