Canaccord Genuity Analyst Reiterates Sell Rating on Canopy Growth, CGC
Matt Bottomley analyst at Canaccord Genuity reiterates coverage on Canopy Growth (CGC) in the Basic Materials sector with a Sell rating. TipRanks.com has Bottomley rated as a 4.8 star analyst with a 49% return on investment and a 18% success rate. Bottomley has set a price target of $4.69.
TipRanks.com reports that Canopy Growth currently has 8 analysts offering 12-month price targets and the consensus is a Strong Sell rating with an average price target is $5.46. The target pricing ranges from a high forecast of $6.64 down to a low forecast of $4.30. Canopy Growth (CGC)’s last closing price was $4.95 which would put the average price target at 10.30% upside.
In addition, TradingView issued a Sell rating for CGC over the next month, Barchart.com has a Strong sell rating and Yahoo! Finance has a Bearish short-term outlook. Remember, securities are volatile, so please do your own research on CGC.
Other analysts covering CGC include:
- Aaron Grey of Alliance Global Partners issued a Hold rating with the price target of $ 6.25 on 5 days ago
- Graeme Kreindler of Eight Capital issued a Sell rating with the price target of $ 4.3 on 5 days ago
- John Zamparo of CIBC issued a Sell rating with the price target of $ 5.08 on 6 days ago
- W. Andrew Carter of Stifel Nicolaus issued a Sell rating with the price target of $ 4.69 on 3 weeks ago
TipRanks.com tracks and measures the performance of over 50,000 financial experts. The TipRanks Star Ranking TM is calculated based on expert success rate, average return and statistical significance. Get more from TipRanks.com here >>
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