Canopy Growth (TSE:WEED) Given New C$3.20 Price Target at ATB Capital

Canopy Growth (TSE:WEED) had its target price decreased by ATB Capital from C$4.00 to C$3.20 in a report released on Monday morning,BayStreet.CA reports. ATB Capital currently has an underperform rating on the stock.

Separately, Canaccord Genuity Group dropped their price objective on shares of Canopy Growth from C$2.50 to C$1.50 and set a “sell” rating for the company in a research note on Monday. Four investment analysts have rated the stock with a sell rating and one has issued a hold rating to the company’s stock. According to MarketBeat.com, Canopy Growth has an average rating of “Reduce” and an average price target of C$5.40.

Canopy Growth Stock Performance

WEED opened at C$2.83 on Monday. The stock has a market capitalization of C$240.15 million, a price-to-earnings ratio of -0.36, a PEG ratio of -0.01 and a beta of 1.79. The company has a fifty day moving average of C$3.86 and a 200 day moving average of C$5.99. Canopy Growth has a fifty-two week low of C$2.71 and a fifty-two week high of C$20.50. The company has a debt-to-equity ratio of 117.00, a quick ratio of 2.32 and a current ratio of 2.15.

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.