Canaan Inc (LON:CAN – Get Free Report)’s stock price shot up 1.8% on Wednesday . The company traded as high as GBX 253.60 and last traded at GBX 248.68. Approximately 374,093 shares traded hands during trading, a decline of 93% from the average daily volume of 5,202,519 shares. The stock had previously closed at GBX 244.40.
Wall Street Analyst Weigh In
Separately, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Canaan from GBX 400 to GBX 350 and set a “buy” rating for the company in a research note on Thursday, March 12th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of GBX 350.
Get Our Latest Report on Canaan
Canaan Stock Performance
Canaan Company Profile
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.
See Also
- Five stocks we like better than Canaan
- AirJoule Unveils Prime System, Clearing Path to Commercialization
- Copper Stocks Are Getting a Bigger Spotlight as Gold’s Rally Cracks
- Nike Q4 Beat Masks Core Weakness as Analysts Cut Price Targets
- Uber’s Waymo Detour Tests the Stock’s Robotaxi Bull Case
Receive News & Ratings for Canaan Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canaan and related companies with MarketBeat.com's FREE daily email newsletter.
