Canopy Growth (TSE:WEED) Price Target Cut to C$3.65 by Analysts at Jefferies Financial Group

Canopy Growth (TSE:WEED – Get Rating) had its price target decreased by Jefferies Financial Group from C$4.95 to C$3.65 in a research note released on Tuesday, BayStreet.CA reports.

Other analysts have also issued research reports about the stock. Alliance Global Partners lowered their price objective on shares of Canopy Growth from C$4.50 to C$3.50 in a research report on Friday, February 10th. Sanford C. Bernstein reiterated an underperform rating and issued a C$2.00 target price on shares of Canopy Growth in a research note on Wednesday, November 9th. Benchmark set a C$2.00 target price on shares of Canopy Growth in a research note on Friday, February 10th. Canaccord Genuity Group reduced their price objective on shares of Canopy Growth from C$5.00 to C$3.00 in a research note on Friday, February 10th. Finally, CIBC reduced their price objective on shares of Canopy Growth from C$2.50 to C$1.75 and set an underperform rating for the company in a research note on Friday, February 10th. Five research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Canopy Growth currently has a consensus rating of Hold and a consensus target price of C$4.79.

Canopy Growth Stock Up 1.9 %

WEED opened at C$3.17 on Tuesday. The firm has a market capitalization of C$1.57 billion, a P/E ratio of -0.45, a PEG ratio of -0.01 and a beta of 2.25. The company has a debt-to-equity ratio of 91.98, a current ratio of 1.73 and a quick ratio of 2.32. Canopy Growth has a fifty-two week low of C$2.79 and a fifty-two week high of C$10.95. The company’s 50-day moving average is C$3.41 and its 200 day moving average is C$4.04.

About Canopy Growth

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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.