Canopy Growth (TSE:WEED) Given New C$1.60 Price Target at ATB Capital

Canopy Growth (TSE:WEED - Free Report) had its price target lowered by ATB Capital from C$3.20 to C$1.60 in a report published on Tuesday,BayStreet.CA reports. The firm currently has an underperform rating on the stock.

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

Canopy Growth Trading Up 24.2%

Shares of Canopy Growth stock traded up C$0.45 on Tuesday, hitting C$2.31. The stock had a trading volume of 5,331,014 shares, compared to its average volume of 1,766,016. The stock has a 50 day moving average of C$1.83 and a 200 day moving average of C$2.76. The firm has a market capitalization of C$371.60 million, a P/E ratio of -0.34, a PEG ratio of -0.01 and a beta of 1.79. Canopy Growth has a twelve month low of C$1.09 and a twelve month high of C$11.89. The company has a debt-to-equity ratio of 120.38, a quick ratio of 2.32 and a current ratio of 1.39.

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.