Where Does Wall Street Think Cronos Group Inc Stock Will Go?

Wednesday, December 4, 2019 1:39 PM | InvestorsObserver Analysts

Wall Street is positive on Cronos Group Inc (CRON). On average, analysts give CRON a Buy rating. The average price target is $11.551, which means analysts expect the stock to increase by 70.62% over the next twelve months.

That rating is better than 28% 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 lower by -1.67% while the S&P 500 has risen 0.67% as of 1:19 PM on Wednesday, Dec 4. CRON is lower by -$0.12 from the previous closing price of $6.88 on volume of 2,706,017 shares. Over the past year the S&P 500 is higher by 15.33% while CRON is lower by -36.96%. CRON lost -$0.02 per share the over the last 12 months.

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