CIBC Trims Canopy Rivers (CVE:RIV) Target Price to C$1.50

Canopy Rivers (CVE:RIV) had its target price lowered by CIBC from C$2.00 to C$1.50 in a research report released on Friday morning, BayStreet.CA reports.

Other analysts have also issued research reports about the stock. Eight Capital dropped their price target on shares of Canopy Rivers from C$3.50 to C$2.20 in a research report on Thursday, June 4th. Pi Financial lowered shares of Canopy Rivers from a buy rating to a neutral rating and dropped their price target for the company from C$2.50 to C$1.50 in a research report on Monday, August 17th.

CVE:RIV opened at C$2.53 on Friday. The firm has a market capitalization of $367.13 million and a PE ratio of 72.29. Canopy Rivers has a 1-year low of C$2.12 and a 1-year high of C$11.82. The company has a current ratio of 34.09, a quick ratio of 34.04 and a debt-to-equity ratio of 0.21.

About Canopy Rivers

Canopy Rivers Inc is a public investment firm. It prefers to make investments in cannabis sector with focus on burgeoning marijuana companies. It seeks to make minority stakes. The company is headquartered in Toronto, Canada.

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