Canopy Growth (TSE:WEED) Trading Up 8.7%

Shares of Canopy Growth Corp (TSE:WEED) were up 8.7% during trading on Tuesday . The stock traded as high as C$9.35 and last traded at C$9.16. Approximately 1,153,592 shares were traded during trading, a decline of 31% from the average daily volume of 1,675,512 shares. The stock had previously closed at C$8.43.

Analyst Upgrades and Downgrades

Several research analysts have commented on WEED shares. Sanford C. Bernstein lifted their price target on shares of Canopy Growth from C$1.49 to C$6.70 in a research note on Tuesday, January 30th. Jefferies Financial Group cut their target price on shares of Canopy Growth from C$7.28 to C$4.90 and set a “hold” rating on the stock in a report on Tuesday, February 27th. Finally, Bank of America cut their target price on shares of Canopy Growth from C$7.00 to C$4.00 in a report on Wednesday, February 14th.

Canopy Growth Trading Up 32.5 %

The company has a quick ratio of 2.32, a current ratio of 1.79 and a debt-to-equity ratio of 127.28. The firm has a market cap of C$1.18 billion, a P/E ratio of -0.61, a PEG ratio of -0.01 and a beta of 1.63. The firm’s fifty day moving average is C$5.46 and its two-hundred day moving average is C$3.32.

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.