Canaan Inc (LON:CAN – Get Free Report)’s stock price rose 5% during trading on Friday . The stock traded as high as GBX 243.70 and last traded at GBX 242.40. Approximately 477,585 shares were traded during trading, a decline of 88% from the average daily volume of 3,876,405 shares. The stock had previously closed at GBX 230.80.
Analysts Set New Price Targets
Separately, Deutsche Bank Aktiengesellschaft boosted their price target on Canaan from GBX 270 to GBX 300 and gave the stock a “buy” rating in a research report on Wednesday, July 30th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Canaan has a consensus rating of “Buy” and an average price target of GBX 300.
Read Our Latest Stock Analysis on CAN
Canaan Price Performance
Canaan Company Profile
Starting its life as a French subscription-TV channel 40 years ago, CANAL+ today is a global media and entertainment company with a brand recognised worldwide amongst the Top 50 Most Valuable French Brands, globally (source: Kantar Brandz, 2023). It generates revenues in 195 countries and operates directly in 52 countries across Europe, Africa, Asia, and the United States, with a total of approximately 9,000 employees worldwide.
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