Canopy Growth (TSE:WEED) Reaches New 12-Month High at $16.75

Shares of Canopy Growth Corp (TSE:WEED) hit a new 52-week high on Tuesday . The company traded as high as C$16.75 and last traded at C$15.57, with a volume of 5909081 shares traded. The stock had previously closed at C$11.36.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Bank of America dropped their price target on Canopy Growth from C$7.00 to C$4.00 in a research note on Wednesday, February 14th. Jefferies Financial Group dropped their target price on shares of Canopy Growth from C$7.28 to C$4.90 and set a “hold” rating for the company in a research report on Tuesday, February 27th. Finally, Sanford C. Bernstein increased their price target on shares of Canopy Growth from C$1.49 to C$6.70 in a research note on Tuesday, January 30th.

Canopy Growth Stock Performance

The business’s fifty day moving average is C$8.26 and its two-hundred day moving average is C$5.08. The company has a current ratio of 1.79, a quick ratio of 2.32 and a debt-to-equity ratio of 127.28. The company has a market capitalization of C$1.86 billion, a PE ratio of -0.73, a price-to-earnings-growth ratio of -0.01 and a beta of 1.63.

About Canopy Growth

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.