Canaan (LON:CAN) Trading Down 3.9% – What’s Next?

Canaan Inc (LON:CAN)’s stock price traded down 3.9% on Tuesday . The stock traded as low as GBX 267.40 and last traded at GBX 267.80. 41,933,609 shares were traded during trading, an increase of 716% from the average session volume of 5,137,643 shares. The stock had previously closed at GBX 278.60.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft cut their price target on Canaan from GBX 400 to GBX 350 and set a “buy” rating for the company in a research note on Thursday, March 12th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Canaan has an average rating of “Buy” and an average target price of GBX 350.

Canaan Price Performance

The business has a 50-day moving average of GBX 235.19 and a 200 day moving average of GBX 255.80. The company has a market capitalization of £2.63 billion, a PE ratio of -53.56 and a beta of 2.07.

About Canaan

Founded as a French subscription-TV channel 40 years ago, CANAL+ is now a global media and entertainment company. Following its acquisition of MultiChoice Group, a leading entertainment platform in Africa, the combined Group has 40 million subscribers, operates in over 70 countries and has approximately 17,000 employees. CANAL+ is one of the largest media companies in Europe, the market leader in Africa and has a globally recognised brand (Top 50 Most Valuable French Brands, globally. Source: Kantar BrandZ, 2025).

CANAL+ operates across the entire audio-visual value chain, including production, broadcast, distribution and aggregation.