CIBC Trims Canopy Growth (TSE:WEED) Target Price to C$4.00

Canopy Growth (TSE:WEEDFree Report) had its price target lowered by CIBC from C$4.50 to C$4.00 in a research note issued to investors on Friday, BayStreet.CA reports. The brokerage currently has an underperform rating on the stock.

Other equities analysts also recently issued reports about the company. Bank of America dropped their target price on Canopy Growth from C$7.00 to C$4.00 in a research report on Wednesday, February 14th. Jefferies Financial Group dropped their target price on Canopy Growth from C$7.28 to C$4.90 and set a hold rating for the company in a research report on Tuesday, February 27th.

View Our Latest Stock Analysis on Canopy Growth

Canopy Growth Price Performance

Shares of WEED stock opened at C$11.59 on Friday. The company has a quick ratio of 2.32, a current ratio of 1.79 and a debt-to-equity ratio of 127.28. Canopy Growth has a twelve month low of C$3.74 and a twelve month high of C$26.00. The company has a market cap of C$869.83 million, a P/E ratio of -0.54, a P/E/G ratio of -0.01 and a beta of 1.85. The business has a fifty day simple moving average of C$12.45 and a 200 day simple moving average of C$7.22.

About Canopy Growth

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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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