Shares of Canaan Inc (LON:CAN – Get Free Report) shot up 1.8% during trading on Wednesday . The stock traded as high as GBX 253.60 and last traded at GBX 248.68. 374,093 shares changed hands during trading, a decline of 93% from the average session volume of 5,202,519 shares. The stock had previously closed at GBX 244.40.
Wall Street Analysts Forecast Growth
Separately, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Canaan from GBX 400 to GBX 350 and set a “buy” rating for the company in a research report on Thursday, March 12th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of GBX 350.
Read Our Latest Stock Report on Canaan
Canaan Price 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.
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