Canopy Growth (TSE:WEED) Price Target Cut to C$1.60 by Analysts at ATB Capital

Canopy Growth (TSE:WEED) had its price objective trimmed by ATB Capital from C$3.20 to C$1.60 in a research report released on Tuesday morning,BayStreet.CA reports. The firm currently has an underperform rating on the stock.

Separately, Canaccord Genuity Group decreased their price target on shares of Canopy Growth from C$2.50 to C$1.50 and set a “sell” rating on the stock in a research report on Monday, February 10th.

Canopy Growth Price Performance

TSE:WEED opened at C$1.68 on Tuesday. The company has a quick ratio of 2.32, a current ratio of 1.39 and a debt-to-equity ratio of 120.38. The business’s 50-day moving average price is C$1.79 and its 200 day moving average price is C$2.81. Canopy Growth has a 52-week low of C$1.09 and a 52-week high of C$11.89. The firm has a market cap of C$270.26 million, a P/E ratio of -0.25, a PEG ratio of -0.01 and a beta of 1.79.

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.