Canopy Growth (TSE:WEED) Stock Price Up 9.6%

Canopy Growth Corp (TSE:WEED - Get Free Report) shares rose 9.6% during mid-day trading on Thursday . The company traded as high as C$15.03 and last traded at C$14.75. Approximately 1,718,279 shares were traded during trading, a decline of 41% from the average daily volume of 2,895,475 shares. The stock had previously closed at C$13.46.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Bank of America reduced their target price on Canopy Growth from C$7.00 to C$4.00 in a research note on Wednesday, February 14th. Sanford C. Bernstein lifted their price objective on shares of Canopy Growth from C$1.49 to C$6.70 in a report on Tuesday, January 30th. Finally, Jefferies Financial Group lowered their target price on Canopy Growth from C$7.28 to C$4.90 and set a "hold" rating for the company in a report on Tuesday, February 27th.

Canopy Growth Stock Performance

The stock has a market cap of C$1.12 billion, a P/E ratio of -0.70, a price-to-earnings-growth ratio of -0.01 and a beta of 1.85. The company has a debt-to-equity ratio of 127.28, a quick ratio of 2.32 and a current ratio of 1.79. The firm's 50 day moving average is C$10.56 and its 200 day moving average is C$6.16.

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.