Canopy Growth (WEED) Trading 0.5% Higher After Analyst Upgrade

Canopy Growth Co. (TSE:WEED) rose 0.5% during mid-day trading on Monday after Eight Capital raised their price target on the stock from C$18.00 to C$22.00. The stock traded as high as C$19.24 and last traded at C$19.04. Approximately 2,487,292 shares were traded during trading, a decline of 7% from the average daily volume of 2,679,792 shares. The stock had previously closed at C$18.95.

A number of other equities research analysts also recently weighed in on the company. Canaccord Genuity boosted their price target on Canopy Growth from C$11.00 to C$14.00 and gave the company a “hold” rating in a report on Tuesday, October 31st. Beacon Securities downgraded Canopy Growth from a “buy” rating to a “hold” rating and set a C$16.50 price target for the company. in a report on Monday, November 13th.

ILLEGAL ACTIVITY NOTICE: “Canopy Growth (WEED) Trading 0.5% Higher After Analyst Upgrade” was first published by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this piece of content on another domain, it was stolen and republished in violation of U.S. and international copyright and trademark law. The correct version of this piece of content can be viewed at https://sportsperspectives.com/2017/11/29/canopy-growth-weed-trading-0-5-higher-after-analyst-upgrade.html.

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.

Receive News & Ratings for Canopy Growth Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canopy Growth Co. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply