InvestorsObserver is giving Canopy Growth Corp (CGC) an Analyst Rating Rank of 38, meaning CGC is ranked higher by analysts than 38% of stocks. The average projection by analysts for CGC is $22.718 over the next 12 months and analyst’s classify the stock as a Buy
Why are Analyst Ratings Important?
Fundamental research of the underlying health of a company can be an extremely useful resource when making investment decisions. Analysts observe growth prospects and forecasted earnings of companies to gain a comprehensive view of particular industries. This data allows traders to react before numbers are officially reported.
Investors Observer takes the ratings from these analysts and percentile ranks those aveages. This allows you to compare stocks extensively and in more detail than the common buy/hold/sell ratings.
What's Happening With Canopy Growth Corp Stock Today?
Canopy Growth Corp (CGC) stock is down -1.3% while the S&P 500 has risen 0.39% as of 1:50 PM on Wednesday, May 27. CGC is down -$0.26 from the previous closing price of $20.05 on volume of 6,764,453 shares. Over the past year the S&P 500 is higher by 7.17% while CGC is down -55.67%. CGC lost -$1.79 per share the over the last 12 months.