InvestorsObserver is giving Canopy Growth Corp (CGC) an Analyst Rating Rank of 34, meaning CGC is ranked higher by analysts than 34% of stocks. The average projection by analysts for CGC is $22.98 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 has fallen -1.03% while the S&P 500 is flat 0% as of 10:00 AM on Monday, Apr 13. CGC has fallen -$0.15 from the previous closing price of $14.57 on volume of 261,667 shares. Over the past year the S&P 500 is lower by -3.98% while CGC has fallen -64.60%. CGC lost -$1.79 per share the over the last 12 months.
