Analysts who follow Canopy Growth Corp (CGC) on average expect it to rise 19.37% over the next twelve months. Those same analysts give the stock an average rating of Buy.
That average rating earns CGC an Analyst Ranking of 18, which means it ranks higher than 18 of stocks, based on data compiled by InvestorsObserver.
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 trading at $16.60 as of 1:55 PM on Tuesday, Jul 7, a drop of -$0.34, or -2.04% from the previous closing price of $16.95. The stock has traded between $16.47 and $16.94 so far today. Volume today is low. So far 1,372,327 shares have traded compared to average volume of 7,203,970 shares.
