Eight Capital Increases Canopy Growth Co. (WEED) Price Target to C$22.00

Canopy Growth Co. (TSE:WEED) had its price target hoisted by analysts at Eight Capital from C$18.00 to C$22.00 in a note issued to investors on Monday. Eight Capital’s price objective would suggest a potential upside of 15.55% from the company’s current price.

Several other equities analysts have also commented on WEED. Canaccord Genuity restated a “buy” rating and issued a C$9.50 price objective on shares of Canopy Growth in a report on Tuesday, August 15th. Beacon Securities lowered shares of Canopy Growth from a “buy” rating to a “hold” rating and set a C$16.50 price objective on the stock. in a report on Monday, November 13th.

Shares of Canopy Growth (TSE:WEED) traded up C$0.09 during mid-day trading on Monday, hitting C$19.04. 2,487,292 shares of the stock traded hands, compared to its average volume of 2,679,792. Canopy Growth has a 52-week low of C$6.58 and a 52-week high of C$21.72.

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About Canopy Growth

Canopy Growth Corporation, through its subsidiaries, produces and sells medical marijuana in Canada. The company offers dried, oil, and softgel cannabis products. Canopy Growth Corporation also sells its products through online. The company was formerly known as Tweed Marijuana Inc and changed its name to Canopy Growth Corporation in September 2015.

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