Does Wall Street Like Cronos Group Inc (CRON) Stock?

Wednesday, November 6, 2019 10:08 AM | InvestorsObserver Analysts

Wall Street is positive on Cronos Group Inc (CRON). On average, analysts give Cronos Group Inc a Buy rating. The average price target is $12.58, which means analysts expect the stock to rise by 50.30% over the next twelve months.

That rating is better than 27% of stocks based on data compiled by InvestorsObserver.

Click Here to get the full report on Cronos Group Inc (CRON) Stock.

Why are Analyst Ratings Important?

Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions before a quarterly report that could be worse than expected.

InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.

What's Happening With Cronos Group Inc Stock Today?

Cronos Group Inc (CRON) stock is trading at $8.37 as of 10:05 AM on Wednesday, Nov 6, an increase of $0.14, or 1.7% from the previous closing price of $8.23. The stock has traded between $8.16 and $8.48 so far today. Volume today is below average. So far 512,784 shares have traded compared to average volume of 6,304,975 shares.

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