Canopy Growth (TSE:WEED) Price Target Cut to C$1.60 by Analysts at ATB Capital

Canopy Growth (TSE:WEED - Free Report) had its price target reduced by ATB Capital from C$3.20 to C$1.60 in a research report released on Tuesday,BayStreet.CA reports. They currently have an underperform rating on the stock.

Separately, Canaccord Genuity Group cut their price objective on Canopy Growth from C$2.50 to C$1.50 and set a "sell" rating for the company in a research report on Monday, February 10th.

Canopy Growth Stock Performance

Shares of WEED stock traded up C$0.09 during trading hours on Tuesday, reaching C$1.86. 2,220,360 shares of the company's stock were exchanged, compared to its average volume of 1,733,006. The company has a debt-to-equity ratio of 120.38, a current ratio of 1.39 and a quick ratio of 2.32. The company's 50 day moving average is C$1.80 and its two-hundred day moving average is C$2.80. The company has a market cap of C$299.21 million, a P/E ratio of -0.27, a price-to-earnings-growth ratio of -0.01 and a beta of 1.79. Canopy Growth has a 1 year low of C$1.09 and a 1 year high of C$11.89.

About Canopy Growth

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.