Pi Financial set a C$25.00 price objective on Canopy Growth (TSE:WEED) in a report published on Tuesday, BayStreet.CA reports. The firm currently has a buy rating on the stock.
A number of other brokerages also recently commented on WEED. BMO Capital Markets boosted their price objective on shares of Canopy Growth from C$25.00 to C$40.00 and gave the company an outperform rating in a research report on Tuesday, January 28th. Desjardins reaffirmed a hold rating and set a C$46.00 price objective on shares of Canopy Growth in a research report on Tuesday, November 5th. Jefferies Financial Group lowered their price objective on shares of Canopy Growth from C$25.00 to C$21.00 in a research report on Thursday, January 2nd. Bank of America raised shares of Canopy Growth from a neutral rating to a buy rating in a research report on Wednesday, November 20th. Finally, CIBC lowered their price objective on shares of Canopy Growth from C$45.00 to C$30.00 in a research report on Friday, November 15th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of C$46.75.
WEED stock opened at C$29.98 on Tuesday. Canopy Growth has a 52-week low of C$18.23 and a 52-week high of C$70.98. The company’s 50 day simple moving average is C$28.40 and its 200-day simple moving average is C$30.22. The company has a debt-to-equity ratio of 12.81, a current ratio of 8.38 and a quick ratio of 6.72. The firm has a market capitalization of $9.13 billion and a P/E ratio of -5.21.
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.
Receive News & Ratings for Canopy Growth Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canopy Growth and related companies with MarketBeat.com's FREE daily email newsletter.