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TSE:WEED

Canopy Growth - WEED Stock Forecast, Price & News

C$4.01
-0.18 (-4.30%)
(As of 08/11/2022 12:00 AM ET)
Add
Compare
Today's Range
C$4.00
C$4.48
50-Day Range
C$2.91
C$5.92
52-Week Range
C$2.79
C$23.82
Volume
2.95 million shs
Average Volume
2.64 million shs
Market Capitalization
C$1.92 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
C$8.00
WEED stock logo

About Canopy Growth (TSE:WEED) Stock

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. It also offers its products through Tweed Main Street, a single online platform that enables registered patients to purchase medicinal cannabis from various producers across various brands. Canopy Growth Corporation has a clinical research partnership with NEEKA Health Canada to investigate the efficacy of cannabinoids for the treatment of post-concussion neurological diseases in former NHL players; and partnership with Parent Action on Drugs. The company was formerly known as Tweed Marijuana Inc. and changed its name to Canopy Growth Corporation in September 2015. Canopy Growth Corporation is headquartered in Smiths Falls, Canada.

Analyst Ratings Changes

Several research analysts recently issued reports on WEED shares. MKM Partners reaffirmed a "buy" rating and set a C$13.00 target price on shares of Canopy Growth in a research report on Wednesday, June 29th. Cfra reiterated a "hold" rating and set a C$10.00 price target on shares of Canopy Growth in a report on Friday, May 27th. Cowen dropped their price target on Canopy Growth to C$3.40 and set a "hold" rating on the stock in a report on Tuesday, July 19th. Canaccord Genuity Group dropped their price target on Canopy Growth from C$10.00 to C$6.00 in a report on Tuesday, May 24th. Finally, Stifel Nicolaus dropped their price target on Canopy Growth from C$7.50 to C$6.00 in a report on Monday, May 2nd. Seven investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, Canopy Growth presently has a consensus rating of "Hold" and an average price target of C$8.23.

Canopy Growth Price Performance

Shares of WEED traded up C$0.49 during midday trading on Wednesday, reaching C$4.19. The stock had a trading volume of 3,010,678 shares, compared to its average volume of 2,633,767. The company's 50-day moving average is C$3.97 and its 200 day moving average is C$6.94. Canopy Growth has a 12-month low of C$2.79 and a 12-month high of C$24.32. The company has a current ratio of 8.16, a quick ratio of 6.94 and a debt-to-equity ratio of 45.18. The company has a market capitalization of C$2.01 billion and a price-to-earnings ratio of -5.43.

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WEED Stock News Headlines

Canopy Growth (TSE:WEED) Trading Up 9.1%
Why Canopy Growth Stock Is Sinking Today
Canopy Growth Posts 1Q Loss as Revenue Falls
3 Burning Questions for Canopy Growth
Cowen Lowers Canopy Growth (TSE:WEED) Price Target to C$3.40
Why Canopy Growth Stock Is On Fire Today
Canopy Growth (TSE:WEED) Shares Up 16.8%
Cannabis Stock Short Sellers Have $807M In Profits So Far In 2022
See More Headlines
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Industry, Sector and Symbol

Industry
Drug Manufacturers - Specialty & Generic
Sub-Industry
Cannabis
Sector
Medical
CIK
N/A
Fax
N/A
Employees
2,700
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$8.00
High Stock Price Forecast
C$22.00
Low Stock Price Forecast
C$2.50
Forecasted Upside/Downside
+99.6%
Consensus Rating
Hold
Rating Score (0-4)
1.71
Research Coverage
14 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$520.32 million
Cash Flow
C$3.73 per share
Book Value
C$9.10 per share

Miscellaneous

Free Float
N/A
Market Cap
C$1.92 billion
Optionable
Not Optionable
Beta
N/A

Key Executives

  • Mr. Bruce A. Linton (Age 52)
    Co-Founder, Chairman & Co-CEO
  • Mr. Mark Anthony Nicholas Zekulin
    Pres & Co-CEO
  • Mr. Timothy Rob Saunders
    Exec. Officer
  • Mr. Rade Kovacevic
    Exec. VP
  • Mr. Mike Lee
    Acting Chief Financial Officer













WEED Stock - Frequently Asked Questions

Should I buy or sell Canopy Growth stock right now?

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Canopy Growth in the last year. There are currently 6 sell ratings, 6 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" WEED shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WEED, but not buy additional shares or sell existing shares.
View WEED analyst ratings
or view top-rated stocks.

What is Canopy Growth's stock price forecast for 2022?

14 Wall Street analysts have issued 12-month target prices for Canopy Growth's shares. Their WEED share price forecasts range from C$2.50 to C$22.00. On average, they predict the company's stock price to reach C$8.00 in the next year. This suggests a possible upside of 96.2% from the stock's current price.
View analysts price targets for WEED
or view top-rated stocks among Wall Street analysts.

How have WEED shares performed in 2022?

Canopy Growth's stock was trading at C$11.04 at the start of the year. Since then, WEED stock has decreased by 63.0% and is now trading at C$4.08.
View the best growth stocks for 2022 here
.

What other stocks do shareholders of Canopy Growth own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Canopy Growth investors own include Aurora Cannabis (ACB), Aphria (APHA), Aurora Cannabis (ACB), Auxly Cannabis Group (CBWTF), KushCo (KSHB), Cronos Group (CRON), Aurora Cannabis (ACBFF), GW Pharmaceuticals (GWPH) and Alibaba Group (BABA).

What is Canopy Growth's stock symbol?

Canopy Growth trades on the Toronto Stock Exchange (TSX) under the ticker symbol "WEED."

How do I buy shares of Canopy Growth?

Shares of WEED stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

What is Canopy Growth's stock price today?

One share of WEED stock can currently be purchased for approximately C$4.08.

How much money does Canopy Growth make?

Canopy Growth (TSE:WEED) has a market capitalization of C$1.96 billion and generates C$520.32 million in revenue each year.

How many employees does Canopy Growth have?

The company employs 2,700 workers across the globe.

How can I contact Canopy Growth?

Canopy Growth's mailing address is 1 Hershey Dr, SMITHS FALLS, ON K7A 0A8, Canada. The official website for the company is www.canopygrowth.com. The company can be reached via phone at +1-613-5999600.

This page (TSE:WEED) was last updated on 8/11/2022 by MarketBeat.com Staff

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