Canopy Growth (TSE:WEED) Shares Down 4.2%

Canopy Growth Corp (TSE:WEEDGet Free Report)’s share price was down 4.2% during mid-day trading on Tuesday . The stock traded as low as C$12.08 and last traded at C$12.08. Approximately 199,014 shares were traded during trading, a decline of 93% from the average daily volume of 2,884,891 shares. The stock had previously closed at C$12.61.

Analysts Set New Price Targets

WEED has been the topic of several recent analyst reports. Jefferies Financial Group dropped their target price on 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. Bank of America dropped their price objective on Canopy Growth from C$7.00 to C$4.00 in a report on Wednesday, February 14th.

View Our Latest Research Report on Canopy Growth

Canopy Growth Price Performance

The stock has a market capitalization of C$869.83 million, a price-to-earnings ratio of -0.54, a price-to-earnings-growth ratio of -0.01 and a beta of 1.85. The company has a current ratio of 1.79, a quick ratio of 2.32 and a debt-to-equity ratio of 127.28. The company’s 50 day moving average is C$12.31 and its 200 day moving average is C$7.03.

Canopy Growth Company Profile

(Get Free Report)

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.

Further Reading

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