Christelle Gedeon Sells 16,788 Shares of Canopy Growth Corp (TSE:WEED) Stock

Canopy Growth Corp (TSE:WEED – Get Your Free Report) COO Christelle Gedeon sold 16,788 shares of Canopy Growth stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $8.35, for a total value of $140,253.67.

Canopy growth stock down 4.7%

WEED stock opened at $7.13 on Thursday. Canopy Growth Corp has a fifty-two week low of $3.74 and a fifty-two week high of $26.00. The company’s 50-day moving average price is $9.30, and its two-hundred-day moving average price is $9.53. The company has a debt-to-equity ratio of 117.00, a quick ratio of 2.32, and a current ratio of 2.15. The company has a market cap of $605.05 million, a price-to-earnings ratio of -0.90, a price-to-earnings-growth ratio of -0.01 and a beta of 1.83.

Analyst upgrades and downgrades

A number of research analysts recently issued reports on the company. CIBC decreased their target price on Canopy Growth from $4.50 to $4.00 and set an “underperform” rating on the stock in a report on Friday, May 31st. Alliance Global Partners upped their price target on Canopy Growth from $6.00 to $11.00 in a report on Tuesday, June 4th. Jefferies Financial Group upped their target price on Canopy Growth from $4.90 to $10.63 and gave the company a “hold” rating in a report on Tuesday, June 11th. Canaccord Genuity Group reduced their target price on Canopy Growth from $5.00 to $3.50 and set a “sell” rating on the stock in a report on Monday, August 12th. Finally, ATB Capital set a $10.00 price target on Canopy Growth and gave the company a “sector perform” rating in a report on Tuesday, June 18th. Three research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $6.45, according to MarketBeat.

Get the latest research report on WEED

About canopy growth

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Canopy Growth Corporation, together with its subsidiaries, engages in the cultivation, possession and sale of medical cannabis in Canada. Its products include dried flowers, oils and concentrates, soft capsules and hemp. The company offers its products under the brands Tweed, Black Label, Spectrum Cannabis, DNA Genetics, Leafs By Snoop, CraftGrow and Foria.

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