Shopify (TSE:SHO) Rating Lowered to Moderate Buy at Phillip Securities

Shopify (TSE:SHO) was downgraded by research analysts at Phillip Securities from a “strong-buy” rating to a “moderate buy” rating in a research note issued to investors on Monday,Zacks.com reports.

Several other analysts also recently weighed in on the company. DZ Bank downgraded Shopify from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 7th. BMO Capital Markets raised shares of Shopify from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. Rothschild & Co Redburn downgraded shares of Shopify from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 21st. Jefferies Financial Group upgraded shares of Shopify from a “hold” rating to a “strong-buy” rating in a research note on Sunday, July 12th. Finally, Citigroup cut shares of Shopify from a “strong-buy” rating to a “hold” rating in a report on Friday, July 10th. Ten investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

Shopify Price Performance

Shopify Company Profile

ICC Labs Inc is a medicinal and recreational cannabis producer based in South America. The firm primarily producing, researching and marketing cannabis for medical and recreational uses, and hemp-based products. The company’s operations are organized into two operating segments, Recreational segment and Cannabinoids Extraction segment. The Recreational segment consists of planting, harvesting, and sale of psychoactive cannabis. The Cannabinoids Extraction segment consists of planting, harvesting, and sale of hemp and the related cannabinoid extraction for medicinal use.