Canopy Growth (TSE:WEED) Given New C$11.00 Price Target at Alliance Global Partners

Canopy Growth (TSE:WEEDFree Report) had its price objective lifted by Alliance Global Partners from C$6.00 to C$11.00 in a report published on Tuesday morning, BayStreet.CA reports.

A number of other research firms have also recently commented on WEED. CIBC dropped their price objective on Canopy Growth from C$4.50 to C$4.00 and set an underperform rating for the company in a research report on Friday, May 31st. Bank of America reduced their price objective on Canopy Growth from C$7.00 to C$4.00 in a research note on Wednesday, February 14th. Finally, Jefferies Financial Group reduced their price objective on Canopy Growth from C$7.28 to C$4.90 and set a hold rating on the stock in a research note on Tuesday, February 27th.

View Our Latest Stock Analysis on WEED

Canopy Growth Trading Down 2.3 %

Shares of WEED stock opened at C$10.68 on Tuesday. Canopy Growth has a fifty-two week low of C$3.74 and a fifty-two week high of C$26.00. The stock has a market cap of C$801.53 million, a P/E ratio of -0.50, 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$12.51 and a 200-day simple moving average of C$7.37. 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 Company Profile

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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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