Canopy Growth Corp (TSE:WEED – Get Free Report) has received an average rating of “Reduce” from the six analysts that are presently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$6.45.
Several equities research analysts have recently issued reports on WEED shares. Jefferies Financial Group raised their target price on shares of Canopy Growth from C$4.90 to C$10.63 and gave the stock a “hold” rating in a report on Tuesday, June 11th. CIBC lowered their target price on shares of Canopy Growth from C$4.50 to C$4.00 and set an “underperform” rating for the company in a report on Friday, May 31st. Canaccord Genuity Group reduced their price target on shares of Canopy Growth from C$5.00 to C$3.50 and set a “sell” rating on the stock in a research note on Monday, August 12th. Alliance Global Partners raised their price target on shares of Canopy Growth from C$6.00 to C$11.00 in a research note on Tuesday, June 4th. Finally, ATB Capital set a C$10.00 price target on shares of Canopy Growth and gave the stock a “sector perform” rating in a research note on Tuesday, June 18th.
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Canopy Growth Price Performance
Canopy Growth stock opened at C$6.07 on Friday. The firm has a 50-day moving average price of C$8.89 and a 200-day moving average price of C$9.64. The firm has a market capitalization of C$515.10 million, a PE ratio of -0.77, a price-to-earnings-growth ratio of -0.01 and a beta of 1.81. The company has a current ratio of 2.15, a quick ratio of 2.32 and a debt-to-equity ratio of 117.00. Canopy Growth has a 12-month low of C$3.74 and a 12-month high of C$26.00.
Canopy Growth Company Profile
Canopy Growth Corporation, together with its subsidiaries, engages in growing, possession, and sale of medical cannabis in Canada. Its products include dried flowers, oils and concentrates, softgel capsules, and hemps. The company offers its products under the Tweed, Black Label, Spectrum Cannabis, DNA Genetics, Leafs By Snoop, CraftGrow, and Foria brand names.
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