Canaccord Genuity Increases Canopy Growth Co. (WEED) Price Target to C$17.00

Canopy Growth Co. (TSE:WEED) had its price objective lifted by Canaccord Genuity from C$14.00 to C$17.00 in a research report released on Wednesday morning. The firm currently has a hold rating on the stock.

WEED has been the subject of a number of other research reports. Beacon Securities cut shares of Canopy Growth from a buy rating to a hold rating and set a C$16.50 target price for the company. in a research note on Monday, November 13th. Eight Capital boosted their target price on shares of Canopy Growth from C$12.00 to C$18.00 in a research note on Wednesday, November 1st.

Canopy Growth (WEED) opened at C$18.45 on Wednesday. Canopy Growth has a 1 year low of C$6.58 and a 1 year high of C$21.72.

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Canopy Growth 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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