Canopy Growth (WEED) Trading Up -0.1%
Canopy Growth Co. (TSE:WEED) was up 0.1% during trading on Monday . The stock traded as high as C$19.75 and last traded at C$19.52. Approximately 2,216,900 shares traded hands during mid-day trading, a decline of 19% from the average daily volume of 2,749,744 shares. The stock had previously closed at C$19.53.
Several equities research analysts have recently commented on WEED shares. Canaccord Genuity cut Canopy Growth from a “hold” rating to a “sell” rating and lifted their target price for the company from C$9.50 to C$11.00 in a research note on Thursday, October 12th. Eight Capital lifted their target price on Canopy Growth from C$12.00 to C$18.00 in a research note on Wednesday, November 1st. Finally, Beacon Securities cut Canopy Growth from a “buy” rating to a “hold” rating and set a C$16.50 target price for the company. in a research note on Monday, November 13th.
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About Canopy Growth
Canopy Growth Corporation, through its subsidiaries, produces and sells medical marijuana in Canada. The company offers dried, oil, and softgel cannabis products. Canopy Growth Corporation also sells its products through online. The company was formerly known as Tweed Marijuana Inc and changed its name to Canopy Growth Corporation in September 2015.
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