Shopify (TSE:SHO) Stock Rating Lowered by Phillip Securities

Phillip Securities cut shares of Shopify (TSE:SHO) from a strong-buy rating to a moderate buy rating in a report published on Monday morning,Zacks.com reports.

A number of other equities research analysts have also recently weighed in on the company. Wedbush raised Shopify from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Benchmark upgraded Shopify from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 10th. New Street Research upgraded Shopify to a “hold” rating in a research report on Friday, January 10th. Atb Cap Markets lowered Shopify from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 12th. Finally, Loop Capital raised shares of Shopify from a “hold” rating to a “strong-buy” rating in a report on Friday, December 6th. Five equities research analysts have rated the stock with a hold rating and eight have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy”.

Shopify Stock Performance

About Shopify

ICC Labs Inc is a medicinal and recreational cannabis producer based in South America. The firm primarily producing, researching and marketing cannabis for medical and recreational uses, and hemp-based products. The company’s operations are organized into two operating segments, Recreational segment and Cannabinoids Extraction segment.