Canopy Growth Corp (TSE:WEED) Director Sells C$31,186.62 in Stock

Canopy Growth Corp (TSE:WEED) Director David Angelo Lazzarato sold 38,502 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of C$0.81, for a total transaction of C$31,186.62.

Canopy Growth Stock Up 6.5 %

TSE:WEED traded up C$0.05 during mid-day trading on Monday, reaching C$0.82. The company’s stock had a trading volume of 5,978,096 shares, compared to its average volume of 4,857,233. The company has a quick ratio of 2.32, a current ratio of 2.52 and a debt-to-equity ratio of 102.09. The firm has a market capitalization of C$679.85 million, a PE ratio of -0.38, a price-to-earnings-growth ratio of -0.01 and a beta of 2.19. The stock has a fifty day moving average of C$1.01 and a 200-day moving average of C$0.91. Canopy Growth Corp has a 1 year low of C$0.46 and a 1 year high of C$6.44.

Analysts Set New Price Targets

WEED has been the subject of a number of research analyst reports. CIBC raised their price target on Canopy Growth from C$0.45 to C$0.50 and gave the stock an “underperform” rating in a research note on Wednesday, November 1st. Sanford C. Bernstein decreased their target price on Canopy Growth from C$2.10 to C$1.49 and set a “market perform” rating for the company in a research report on Monday, September 18th. Bank of America upped their price target on shares of Canopy Growth from C$0.56 to C$0.65 and gave the stock an “underperform” rating in a report on Friday, September 15th. Alliance Global Partners lifted their price objective on shares of Canopy Growth from C$0.60 to C$1.30 in a report on Monday, October 2nd. Finally, TD Securities upped their target price on shares of Canopy Growth from C$0.70 to C$1.80 in a research note on Friday, September 15th.

Canopy Growth Company Profile

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.