Jefferies Financial Group Increases Canopy Growth (TSE:WEED) Price Target to C$10.63

Canopy Growth (TSE:WEEDGet Free Report) had its target price boosted by analysts at Jefferies Financial Group from C$4.90 to C$10.63 in a report issued on Tuesday, BayStreet.CA reports. The firm currently has a “hold” rating on the stock. Jefferies Financial Group’s target price would suggest a potential upside of 7.27% from the company’s current price.

Other equities analysts have also recently issued reports about the company. CIBC lowered their price target on Canopy Growth from C$4.50 to C$4.00 and set an “underperform” rating for the company in a report on Friday, May 31st. Bank of America lowered their price target on Canopy Growth from C$7.00 to C$4.00 in a report on Wednesday, February 14th. Finally, Alliance Global Partners increased their price target on Canopy Growth from C$6.00 to C$11.00 in a report on Tuesday, June 4th.

Check Out Our Latest Stock Analysis on Canopy Growth

Canopy Growth Trading Down 0.7 %

TSE:WEED traded down C$0.07 during trading hours on Tuesday, hitting C$9.91. The company had a trading volume of 452,399 shares, compared to its average volume of 2,763,539. The company has a current ratio of 1.79, a quick ratio of 2.32 and a debt-to-equity ratio of 127.28. The company has a 50-day moving average of C$12.38 and a 200 day moving average of C$7.62. The company has a market cap of C$743.75 million, a P/E ratio of -0.47, a P/E/G ratio of -0.01 and a beta of 1.85. Canopy Growth has a 1 year low of C$3.74 and a 1 year high of C$26.00.

About Canopy Growth

(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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