Shopify (TSE:SHO) Cut to Hold at Rothschild & Co Redburn

Rothschild & Co Redburn downgraded shares of Shopify (TSE:SHO) from a strong-buy rating to a hold rating in a research report sent to investors on Tuesday morning,Zacks.com reports.

SHO has been the topic of several other research reports. BMO Capital Markets downgraded Shopify from a “strong-buy” rating to a “hold” rating in a report on Friday, July 10th. Citigroup downgraded Shopify from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 10th. Finally, Jefferies Financial Group upgraded shares of Shopify from a “hold” rating to a “strong-buy” rating in a research note on Sunday, July 12th. Eleven equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Buy”.

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.