Stifel Nicolaus Initiates Coverage on Fire & Flower (TSE:FAF)

Stifel Nicolaus started coverage on shares of Fire & Flower (TSE:FAF) in a research report report published on Monday, TipRanks reports. The brokerage issued a buy rating and a C$1.85 target price on the stock.

Separately, Atb Cap Markets reaffirmed an outperform rating on shares of Fire & Flower in a research note on Friday, July 23rd.

Shares of FAF remained flat at $C$0.90 during mid-day trading on Monday. 160,457 shares of the company’s stock were exchanged, compared to its average volume of 910,024. The company has a debt-to-equity ratio of 57.61, a quick ratio of 1.20 and a current ratio of 1.78. The firm has a market capitalization of C$309.03 million and a PE ratio of -1.47. The company’s fifty day simple moving average is C$0.95 and its two-hundred day simple moving average is C$1.06. Fire & Flower has a 52 week low of C$0.71 and a 52 week high of C$1.50.

Fire & Flower (TSE:FAF) last posted its earnings results on Tuesday, June 15th. The company reported C($0.01) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of C($0.01). The business had revenue of C$44.08 million for the quarter, compared to analyst estimates of C$44.60 million. On average, equities research analysts expect that Fire & Flower will post 0.01 EPS for the current fiscal year.

Fire & Flower Company Profile

Fire & Flower Holdings Corp., through its subsidiary, Fire & Flower Inc, operates as an independent retailer that offers cannabis products and accessories through its retail locations located in the provinces of Alberta, Saskatchewan, Manitoba, Ontario, and Yukon. It also engages in the wholesale of regulated cannabis products and accessories in Saskatchewan; and operates Hifyre digital retail and analytics of regulated cannabis e-commerce platform.

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