Shopify Inc. (TSE:SHO) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shopify Inc. (TSE:SHO) has earned an average rating of “Moderate Buy” from the twelve analysts that are presently covering the stock, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold recommendation and five have issued a strong buy recommendation on the company.

A number of research firms have recently issued reports on SHO. BNP Paribas Exane raised shares of Shopify to a “hold” rating in a research report on Monday, November 24th. Scotiabank upgraded shares of Shopify from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 8th. TD Securities raised shares of Shopify to a “hold” rating in a research report on Thursday, December 4th. DZ Bank upgraded shares of Shopify from a “strong sell” rating to a “hold” rating in a report on Thursday, November 6th. Finally, Wolfe Research raised shares of Shopify from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 6th.

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.