Canopy Growth Corp (WEED) Downgraded to “Hold” at Beacon Securities

Beacon Securities lowered shares of Canopy Growth Corp (TSE:WEED) from a buy rating to a hold rating in a research report released on Monday morning. They currently have C$16.50 target price on the stock.

WEED has been the subject of a number of other research reports. Canaccord Genuity reissued a buy rating and set a C$9.50 price objective on shares of Canopy Growth Corp in a research report on Tuesday, August 15th. Eight Capital boosted their price objective on shares of Canopy Growth Corp from C$12.00 to C$18.00 in a research report on Wednesday, November 1st.

Shares of Canopy Growth Corp (WEED) traded up C$0.40 during mid-day trading on Monday, hitting C$20.38. 7,818,250 shares of the stock were exchanged, compared to its average volume of 2,549,264. Canopy Growth Corp has a 12-month low of C$6.58 and a 12-month high of C$21.72.

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Canopy Growth Corp Company Profile

Canopy Growth Corporation, through its subsidiaries, produces and sells medical marijuana in Canada. The company offers dried, oil, and softgel cannabis products. Canopy Growth Corporation also sells its products through online. The company was formerly known as Tweed Marijuana Inc and changed its name to Canopy Growth Corporation in September 2015.

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