Canopy Growth Corp (TSE:WEED – Get Free Report) shares shot up 16.6% during mid-day trading on Friday . The company traded as high as C$13.97 and last traded at C$13.83. 1,392,670 shares were traded during trading, a decline of 46% from the average session volume of 2,574,283 shares. The stock had previously closed at C$11.86.
Analysts Set New Price Targets
WEED has been the topic of several research reports. Sanford C. Bernstein upped their target price on Canopy Growth from C$1.49 to C$6.70 in a research report on Tuesday, January 30th. Bank of America dropped their price objective on Canopy Growth from C$7.00 to C$4.00 in a report on Wednesday, February 14th. Finally, Jefferies Financial Group cut their price objective on shares of Canopy Growth from C$7.28 to C$4.90 and set a “hold” rating on the stock in a research report on Tuesday, February 27th.
Get Our Latest Stock Report on WEED
Canopy Growth Price Performance
About Canopy Growth
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.
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