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

By Carrie Williams

CannTrust Holdings Inc (TRSTResearch Report) has received a rating update from a Wall Street analyst today. Analyst Graeme Kreindler from Eight Capital remains bearish on the stock and has a C$2 price target.

According to TipRanks.com, Kreindler is ranked #4092 out of 5226 analysts.

The word on The Street in general, suggests a Hold analyst consensus rating for CannTrust Holdings Inc with a C$7.75 average price target.

CannTrust Holdings Inc’s market cap is currently C$307.4M and has a P/E ratio of 0. The company has a Price to Book ratio of 1.62.

CannTrust Holdings, Inc. engages in the production and distribution of medical cannabis. It focuses on developing nanotechnology to create new products in the medical, recreational, beauty, wellness, and pet markets. The company was founded by Norman Paul and Eric Paul on March 16, 2015 and is headquartered in Vaughan, Canada.

The company’s shares closed on Wednesday at C$2.88, close to its 52-week low of C$2.45.