Shopify Inc. (TSE:SHO) Receives Consensus Rating of “Buy” from Brokerages

Shopify Inc. (TSE:SHO) has been given an average rating of “Buy” by the seventeen research firms that are presently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating, two have issued a buy rating and eleven have assigned a strong buy rating to the company.

Several brokerages have commented on SHO. Jefferies Financial Group upgraded shares of Shopify from a “hold” rating to a “strong-buy” rating in a research report on Sunday, July 12th. DZ Bank lowered shares of Shopify from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th. BMO Capital Markets raised shares of Shopify from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 6th. Citigroup lowered shares of Shopify from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 10th. Finally, Rothschild & Co Redburn downgraded Shopify from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 21st.

Shopify Price Performance

About Shopify

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. The Recreational segment consists of planting, harvesting, and sale of psychoactive cannabis. The Cannabinoids Extraction segment consists of planting, harvesting, and sale of hemp and the related cannabinoid extraction for medicinal use.