InvestorsObserver is giving Canopy Growth Corp (CGC) an Analyst Rating Rank of 16, meaning CGC is ranked higher by analysts than 16% of stocks. The average projection by analysts for CGC is $19.716 over the next 12 months and analyst’s classify the stock as a Buy
Why are Analyst Ratings Important?
A company's financial statements are a significant factor weighted by experts when analyzing a company's health. Beyond just the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shutdown supply chains leading to a change in consumption across the globe. This knowledge allows investors to respond to potential changes in the market before they are revealed in a quarterly annoucement.
Investors Observer averages the ratings across all these analysts and percentile ranks those averages. This allows you to compare stocks in greater detail than the usual five-tiered system used amongst the majority of investors.
What's Happening With Canopy Growth Corp Stock Today?
Canopy Growth Corp (CGC) stock is up 2.97% while the S&P 500 has fallen -0.11% as of 2:05 PM on Thursday, Sep 10. CGC is higher by $0.49 from the previous closing price of $16.36 on volume of 5,118,498 shares. Over the past year the S&P 500 has gained 13.14% while CGC has fallen -38.54%. CGC lost -$1.79 per share the over the last 12 months.
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