Canopy Growth Corporation (TSE:WEED) Rating Reaffirmed
Desjardins now has a $63 target on shares of Canopy Growth Corporation (TSE:WEED). The target gives a potential upside of 20.11 % from the current price of Canopy Growth Corporation (TSE:WEED). This rating was revealed to clients and investors in a research report on Monday morning.
Canopy Growth Corporation (TSE:WEED) Ratings Coverage
Among 4 analysts covering Canopy Growth Corporation (TSE:WEED), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Canopy Growth Corporation has $75 highest and $63 lowest target. $68’s average target is 29.65% above currents $52.45 stock price. Canopy Growth Corporation had 13 analyst reports since February 15, 2019 according to SRatingsIntel. The stock of Canopy Growth Corporation (TSE:WEED) has “Buy” rating given on Tuesday, February 19 by IBC. The firm has “Hold” rating given on Monday, March 4 by Jefferies. The rating was initiated by Jefferies with “Hold” on Monday, February 25. The rating was maintained by Desjardins Securities on Monday, June 24 with “Hold”. The stock has “Buy” rating by Canaccord Genuity on Tuesday, February 19.
The stock decreased 2.02% or $1.08 during the last trading session, reaching $52.45. About 1.19M shares traded. Canopy Growth Corporation (TSE:WEED) has 0.00% since June 26, 2018 and is . It has underperformed by 4.43% the S&P500.
Canopy Growth Corporation, together with its subsidiaries, engages in growing, possession, and sale of medical cannabis in Canada. The company has market cap of $18.14 billion. The Company’s products include dried flowers, oils and concentrates, softgel capsules, and hemps. It currently has negative earnings. The firm offers its products under the Tweed, Black Label, Spectrum Cannabis, DNA Genetics, Leafs By Snoop, Bedrocan Canada, CraftGrow, and Foria brand names.
More notable recent Canopy Growth Corporation (TSE:WEED) news were published by: Profitconfidential.com which released: “Neptune Wellness Solutions Inc Shares Soar as This Weed Stock Enters New Growth Trajectory – Profit Confidential” on June 13, 2019, also Profitconfidential.com with their article: “Flowr Corp: Overlooked Cannabis Player Poised to Double Again in 2019 – Profit Confidential” published on June 07, 2019, Profitconfidential.com published: “WeedMD Inc: Under-the-Radar $1.35 Pot Stock Set to Double – Profit Confidential” on June 03, 2019. More interesting news about Canopy Growth Corporation (TSE:WEED) were released by: Midasletter.com and their article: “3 Sixty Secure Corp (CNSX:SAFE) Cannabis Security Provider Generating $2.4M in Monthly Revenue – Midas Letter” published on June 03, 2019 as well as Midasletter.com‘s news article titled: “Canopy Growth Corp (TSE:WEED) Allocating $1 Billion Towards New Acquisitions – Midas Letter” with publication date: November 15, 2018.
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