Shopify (TSE:SHO) Cut to “Moderate Buy” at Phillip Securities

Phillip Securities lowered shares of Shopify (TSE:SHO) from a strong-buy rating to a moderate buy rating in a research note published on Monday morning,Zacks.com reports.

Other equities analysts have also issued reports about the stock. Benchmark upgraded shares of Shopify from a “hold” rating to a “strong-buy” rating in a report on Monday, February 10th. Wedbush upgraded Shopify from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Atb Cap Markets cut Shopify from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 12th. New Street Research upgraded shares of Shopify to a “hold” rating in a research note on Friday, January 10th. Finally, Loop Capital raised shares of Shopify from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 6th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy”.

Shopify Stock Performance

Shopify Company Profile

ICC Labs Inc is a medicinal and recreational cannabis producer based in South America. The firm primarily producing, researching and marketing cannabis for medical and recreational uses, and hemp-based products. The company’s operations are organized into two operating segments, Recreational segment and Cannabinoids Extraction segment.