CannTrust Holdings Inc (TRST) Gets a Buy Rating from Eight Capital

By Ryan Adsit

Shares of CannTrust Holdings Inc (TRSTResearch Report) were revisited by a Wall Street analyst on November 15. Analyst Graeme Kreindler from Eight Capital remains bullish on the stock and has a C$25 price target.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for CannTrust Holdings Inc with a C$14.50 average price target.

CannTrust Holdings Inc’s market cap is currently C$830.6M and has a P/E ratio of 38.8. The company has a Price to Book ratio of 4.43.

CannTrust Holdings, Inc. engages in the production and sale of medical cannabis through its subsidiary, CannTrust Inc. The company was founded by Norman Paul on March 16, 2015 and is headquartered in Vaughan, Canada.

The company’s shares closed on Monday at C$7.96.