Canopy Growth Corp (WEED) Given Consensus Rating of “Buy” by Analysts

Shares of Canopy Growth Corp (TSE:WEED) have earned an average rating of “Hold” from the eight analysts that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is C$67.88.

A number of research firms have recently weighed in on WEED. Canaccord Genuity boosted their price objective on shares of Canopy Growth from C$50.00 to C$70.00 and gave the company a “speculative buy” rating in a research report on Tuesday, February 19th. Pi Financial boosted their price objective on shares of Canopy Growth from C$60.00 to C$70.00 in a research report on Tuesday, February 19th. CIBC boosted their price objective on shares of Canopy Growth from C$65.00 to C$75.00 in a research report on Tuesday, February 19th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a C$64.00 price objective on shares of Canopy Growth in a research report on Monday, February 25th.

WEED traded up C$0.93 during midday trading on Friday, reaching C$57.82. 1,431,719 shares of the company’s stock were exchanged, compared to its average volume of 3,353,739. The company has a current ratio of 17.85, a quick ratio of 17.01 and a debt-to-equity ratio of 10.66. The stock has a market cap of $19.44 billion and a P/E ratio of -32.27. Canopy Growth has a 1-year low of C$23.88 and a 1-year high of C$76.68.

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, Bedrocan Canada, CraftGrow, and Foria brand names.

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Analyst Recommendations for Canopy Growth (TSE:WEED)

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