Canopy Growth (OTCMKTS:TWMJF) has been given a $19.00 target price by investment analysts at Canaccord Genuity in a note issued to investors on Tuesday, December 19th. The brokerage currently has a “hold” rating on the stock. Canaccord Genuity’s target price points to a potential downside of 26.66% from the stock’s current price.
Canopy Growth (OTCMKTS TWMJF) traded down $4.14 during mid-day trading on Tuesday, hitting $25.91. 5,142,188 shares of the company were exchanged, compared to its average volume of 1,680,000. Canopy Growth has a 52-week low of $4.90 and a 52-week high of $35.88. The company has a debt-to-equity ratio of 0.01, a quick ratio of 8.43 and a current ratio of 13.16. The stock has a market cap of $5,760.00, a PE ratio of -143.93 and a beta of 3.37.
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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