Charlotte’s Web (OTCMKTS:CWBHF) Receives New Coverage from Analysts at Compass Point

Compass Point started coverage on shares of Charlotte’s Web (OTCMKTS:CWBHF) in a research note released on Monday morning, The Fly reports. The brokerage issued a buy rating on the stock.

Several other equities research analysts have also recently commented on the company. Piper Jaffray Companies assumed coverage on Charlotte’s Web in a research note on Monday, August 12th. They set an overweight rating and a $25.00 target price for the company. Cantor Fitzgerald started coverage on Charlotte’s Web in a research note on Thursday, November 7th. They issued a neutral rating on the stock.

Shares of Charlotte’s Web stock opened at $9.19 on Monday. Charlotte’s Web has a twelve month low of $8.58 and a twelve month high of $25.25. The company’s fifty day moving average is $11.03 and its 200 day moving average is $14.65.

Charlotte’s Web Company Profile

Charlotte's Web Holdings, Inc produces and distributes hemp-based, cannabidiol wellness products in the United States. It offers products in the categories of tinctures, capsules and topical products. Charlotte's Web Holdings, Inc distributes its products under the Charlotte's Web name through its e-commerce Website, as well as wholesalers, and brick and mortar retailers.

See Also: What does it mean to hold a stock in street name?

The Fly

Receive News & Ratings for Charlotte's Web Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Charlotte's Web and related companies with MarketBeat.com's FREE daily email newsletter.