Jefferies Financial Group Raises Canopy Growth (TSE:WEED) Price Target to C$10.63

Canopy Growth (TSE:WEEDFree Report) had its price target raised by Jefferies Financial Group from C$4.90 to C$10.63 in a research note published on Tuesday, BayStreet.CA reports. Jefferies Financial Group currently has a hold rating on the stock.

A number of other equities analysts also recently issued reports on WEED. CIBC reduced their price target on Canopy Growth from C$4.50 to C$4.00 and set an underperform rating on the stock in a research report on Friday, May 31st. Alliance Global Partners boosted their target price on Canopy Growth from C$6.00 to C$11.00 in a research note on Tuesday, June 4th. Finally, Bank of America decreased their price target on Canopy Growth from C$7.00 to C$4.00 in a research note on Wednesday, February 14th.

View Our Latest Research Report on Canopy Growth

Canopy Growth Trading Down 1.4 %

WEED opened at C$10.28 on Tuesday. 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 firm has a market cap of C$771.51 million, a price-to-earnings ratio of -0.48, a PEG ratio of -0.01 and a beta of 1.85. Canopy Growth has a 12 month low of C$3.74 and a 12 month high of C$26.00. The stock has a fifty day moving average price of C$12.22 and a 200-day moving average price of C$7.73.

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.

Read More

Receive News & Ratings for Canopy Growth Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canopy Growth and related companies with MarketBeat.com's FREE daily email newsletter.