Shopify (TSE:SHO) Downgraded to “Hold” Rating by Rothschild & Co Redburn

Rothschild & Co Redburn lowered shares of Shopify (TSE:SHO) from a strong-buy rating to a hold rating in a report published on Tuesday morning,Zacks.com reports.

Several other analysts have also issued reports on SHO. Jefferies Financial Group upgraded shares of Shopify from a “hold” rating to a “strong-buy” rating in a research report on Sunday, July 12th. Citigroup lowered shares of Shopify from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 10th. Finally, BMO Capital Markets cut shares of Shopify from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 10th. Eleven analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Shopify Stock Performance

Shopify Company Profile

ICC Labs Inc is a medicinal and recreational cannabis producer based in South America. The firm primarily producing, researching and marketing cannabis for medical and recreational uses, and hemp-based products. The company’s operations are organized into two operating segments, Recreational segment and Cannabinoids Extraction segment. The Recreational segment consists of planting, harvesting, and sale of psychoactive cannabis. The Cannabinoids Extraction segment consists of planting, harvesting, and sale of hemp and the related cannabinoid extraction for medicinal use.