Canopy Growth (TSE:WEED) PT Raised to C$1.80 at TD Securities

Canopy Growth (TSE:WEED) had its price target lifted by equities research analysts at TD Securities from C$0.70 to C$1.80 in a research note issued to investors on Friday, BayStreet.CA reports. TD Securities’ price objective would indicate a potential downside of 1.64% from the company’s previous close.

A number of other analysts also recently commented on the stock. Bank of America dropped their price target on shares of Canopy Growth from C$1.00 to C$0.85 in a research report on Thursday, June 15th. Jefferies Financial Group dropped their target price on shares of Canopy Growth from C$0.61 to C$0.59 in a research report on Wednesday, August 16th. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of C$2.02.

Canopy Growth Trading Up 7.6 %

Shares of TSE:WEED opened at C$1.83 on Friday. The company has a market cap of C$1.31 billion, a PE ratio of -0.78, a P/E/G ratio of -0.01 and a beta of 2.31. The company’s 50-day moving average price is C$0.76 and its 200 day moving average price is C$1.37. Canopy Growth has a fifty-two week low of C$0.46 and a fifty-two week high of C$6.44. The company has a quick ratio of 2.32, a current ratio of 1.96 and a debt-to-equity ratio of 133.92.

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.