ATB Capital Analysts Give Canopy Growth (TSE:WEED) a C$10.00 Price Target

Canopy Growth (TSE:WEEDGet Free Report) has been given a C$10.00 target price by equities researchers at ATB Capital in a report released on Tuesday, BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. ATB Capital’s price target points to a potential upside of 2.56% from the stock’s previous close.

Several other research firms have also commented on WEED. Jefferies Financial Group raised their price target on shares of Canopy Growth from C$4.90 to C$10.63 and gave the company a “hold” rating in a report on Tuesday, June 11th. CIBC cut their price target on shares of Canopy Growth from C$4.50 to C$4.00 and set an “underperform” rating on the stock in a report on Friday, May 31st. Finally, Alliance Global Partners raised their price target on shares of Canopy Growth from C$6.00 to C$11.00 in a report on Tuesday, June 4th. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of C$6.88.

Read Our Latest Analysis on Canopy Growth

Canopy Growth Trading Up 0.1 %

TSE WEED opened at C$9.75 on Tuesday. Canopy Growth has a one year low of C$3.74 and a one year high of C$26.00. The company’s 50 day moving average price is C$11.96 and its 200 day moving average price is C$8.03. The company has a debt-to-equity ratio of 127.28, a quick ratio of 2.32 and a current ratio of 1.79. The firm has a market capitalization of C$731.74 million, a price-to-earnings ratio of -0.46, a PEG ratio of -0.01 and a beta of 1.85.

Insider Buying and Selling at Canopy Growth

In other Canopy Growth news, Director Willy Kruh sold 3,738 shares of the stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of C$9.94, for a total value of C$37,155.72. 0.27% of the stock is owned by corporate insiders.

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.

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Analyst Recommendations for Canopy Growth (TSE:WEED)

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