Canopy Growth Corp (TSE:WEED) Director Sells 40,135 Shares

Canopy Growth Corp (TSE:WEED) Director David Eric Klein sold 40,135 shares of the stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of C$8.35, for a total value of C$335,303.84.

Canopy Growth Price Performance

TSE:WEED opened at C$6.98 on Friday. Canopy Growth Corp has a 52-week low of C$3.74 and a 52-week high of C$26.00. The company has a market cap of C$592.32 million, a P/E ratio of -0.88, a P/E/G ratio of -0.01 and a beta of 1.83. The company has a debt-to-equity ratio of 117.00, a quick ratio of 2.32 and a current ratio of 2.15. The stock’s 50-day simple moving average is C$9.24 and its 200 day simple moving average is C$9.51.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Jefferies Financial Group increased their target price on shares of Canopy Growth from C$4.90 to C$10.63 and gave the company a “hold” rating in a research note on Tuesday, June 11th. Alliance Global Partners raised their target price on Canopy Growth from C$6.00 to C$11.00 in a research note on Tuesday, June 4th. Canaccord Genuity Group dropped their target price on Canopy Growth from C$5.00 to C$3.50 and set a “sell” rating for the company in a research report on Monday, August 12th. CIBC decreased 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 note on Friday, May 31st. Finally, ATB Capital set a C$10.00 price target on shares of Canopy Growth and gave the company a “sector perform” rating in a report on Tuesday, June 18th. Three investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company. According to MarketBeat.com, Canopy Growth has an average rating of “Hold” and a consensus price target of C$6.45.

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.