Canopy Growth (TSE:WEED) Sets New 52-Week High at $13.70

Canopy Growth Corp (TSE:WEED) hit a new 52-week high on Thursday . The company traded as high as C$13.70 and last traded at C$13.10, with a volume of 6707969 shares. The stock had previously closed at C$12.95.

Wall Street Analyst Weigh In

WEED has been the topic of several research analyst reports. Bank of America cut their target price on Canopy Growth from C$7.00 to C$4.00 in a research report on Wednesday, February 14th. Jefferies Financial Group reduced their price objective 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 boosted their target price on shares of Canopy Growth from C$1.49 to C$6.70 in a research report on Tuesday, January 30th.

Canopy Growth Price Performance

The firm has a 50 day moving average price of C$5.59 and a two-hundred day moving average price of C$3.38. The company has a market cap of C$1.06 billion, a P/E ratio of -0.55, a P/E/G ratio of -0.01 and a beta of 1.63. The company has a debt-to-equity ratio of 127.28, a quick ratio of 2.32 and a current ratio 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.