GrowGeneration Corp. – Consensus Indicates Potential -9.3% Downside

Broker Ratings

GrowGeneration Corp. with ticker code (GRWG) have now 7 analysts in total covering the stock. The consensus rating is ‘Buy’. The range between the high target price and low target price is between 65 and 27 calculating the average target price we see 52.71. Now with the previous closing price of 58.14 this indicates there is a potential downside of -9.3%. There is a 50 day moving average of 47.12 and the 200 moving average now moves to 26.28. The market capitalisation for the company is $3,446m. Visit the company website at: http://www.growgeneration.com

GrowGeneration Corp., through its subsidiaries, owns and operates retail hydroponic and organic gardening stores in the United States. It engages in the marketing and distribution of horticultural, organics, and lighting and hydroponics products, including lighting fixtures, nutrients, seeds and growing media, systems, trays, fans, filters, humidifiers and dehumidifiers, timers, instruments, water pumps, irrigation supplies, and hand tools. The company also operates GrowGen.Pro, an online e-commerce store. The company serves commercial and urban cultivators growing specialty crops, including organics, greens, and plant-based medicines. As of January 26, 2021, it operated a chain of 40 stores, which includes 5 locations in Colorado, 13 locations in California, 2 locations in Nevada, 1 location in Arizona, 2 locations in Washington, 6 locations in Michigan, 1 location in Rhode Island, 4 locations in Oklahoma, 2 locations in Oregon, 3 locations in Maine, and 1 location in Florida, as well as an online e-commerce store. The company was formerly known as Easylife Corp. GrowGeneration Corp. was founded in 2008 and is headquartered in Denver, Colorado.

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