Shopify (TSE:SHOP) Price Target Raised to C$140.00

Shopify (TSE:SHOP) had its target price boosted by National Bankshares from C$100.00 to C$140.00 in a report published on Wednesday morning,BayStreet.CA reports.

Separately, ATB Capital raised their target price on Shopify from C$115.00 to C$120.00 in a research note on Thursday, August 8th.

Shopify Stock Performance

Shares of SHOP stock opened at C$152.87 on Wednesday. The stock has a market capitalization of C$184.97 billion, a PE ratio of 110.32, a PEG ratio of 0.87 and a beta of 2.36. The business’s 50 day simple moving average is C$111.46 and its 200 day simple moving average is C$96.99. The company has a debt-to-equity ratio of 12.40, a current ratio of 7.32 and a quick ratio of 5.74. Shopify has a one year low of C$72.36 and a one year high of C$161.86.

Insider Activity

In related news, Director Colleen Johnston sold 2,000 shares of the business’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of C$151.82, for a total transaction of C$303,631.60. Also, Senior Officer Jessica Hertz sold 26,672 shares of Shopify stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of C$150.33, for a total transaction of C$4,009,702.63. Insiders have sold 38,423 shares of company stock worth $5,165,889 over the last 90 days. 0.18% of the stock is currently owned by corporate insiders.

Shopify Company Profile

Shopify Inc, a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, Australia, China, and Latin America. The company's platform enables merchants to displays, manages, markets, and sells its products through various sales channels, including web and mobile storefronts, physical retail locations, pop-up shops, social media storefronts, native mobile apps, buy buttons, and marketplaces; and enables to manage products and inventory, process orders and payments, fulfill and ship orders, new buyers and build customer relationships, source products, leverage analytics and reporting, manage cash, payments and transactions, and access financing.