Canopy Growth (TSE:WEED) Rating Lowered to “Underperform” at ATB Capital

ATB Capital cut shares of Canopy Growth (TSE:WEED) from a sector perform rating to an underperform rating in a research report report published on Tuesday morning,BayStreet.CA reports. They currently have C$4.00 target price on the stock, down from their prior target price of C$6.00.

Canopy Growth Trading Down 4.2 %

Shares of WEED stock opened at C$3.90 on Tuesday. The company has a quick ratio of 2.32, a current ratio of 2.15 and a debt-to-equity ratio of 117.00. The firm has a market cap of C$330.95 million, a P/E ratio of -0.49, a PEG ratio of -0.01 and a beta of 1.79. The company has a 50 day moving average of C$5.68 and a 200-day moving average of C$7.54. Canopy Growth has a 12-month low of C$3.74 and a 12-month high of C$20.50.

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, CraftGrow, and Foria brand names.