Canopy Growth (TSE:WEED) Stock Rating Lowered by ATB Capital

ATB Capital lowered shares of Canopy Growth (TSE:WEED) from a sector perform rating to an underperform rating in a research note published on Tuesday,BayStreet.CA reports. They currently have C$4.00 price target on the stock, down from their previous price target of C$6.00.

Canopy Growth Stock Up 1.4 %

WEED opened at C$4.38 on Tuesday. Canopy Growth has a fifty-two week low of C$3.74 and a fifty-two week high of C$20.50. The company has a debt-to-equity ratio of 117.00, a quick ratio of 2.32 and a current ratio of 2.15. The company has a fifty day moving average of C$5.74 and a two-hundred day moving average of C$7.64. The stock has a market capitalization of C$371.69 million, a price-to-earnings ratio of -0.55, a PEG ratio of -0.01 and a beta of 1.79.

Canopy Growth Company Profile

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.