Shopify Inc (TSE:SHOP) Receives Average Rating of “Hold” from Analysts

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Shopify Inc (TSE:SHOP) has earned a consensus recommendation of “Hold” from the eight brokerages that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$384.29.

A number of research analysts have commented on SHOP shares. Pi Financial set a C$626.00 price objective on shares of Shopify in a research note on Thursday, March 19th. Canaccord Genuity lifted their price objective on shares of Shopify from C$385.00 to C$600.00 in a research note on Thursday, February 13th.

TSE SHOP opened at C$631.97 on Friday. The company has a debt-to-equity ratio of 5.03, a quick ratio of 8.09 and a current ratio of 8.68. The firm has a market cap of $51.78 billion and a PE ratio of -571.92. Shopify has a one year low of C$254.23 and a one year high of C$786.07. The firm’s fifty day moving average is C$620.24 and its two-hundred day moving average is C$513.34.

About Shopify

Shopify Inc provides a cloud-based multi-channel commerce platform for small and medium-sized businesses in the United States, the United Kingdom, Canada, Australia, and internationally. Its platform provides merchants with a single view of business and customers in various sales channels, including Web and mobile storefronts, physical retail locations, social media storefronts, and marketplaces; and enables to manage products and inventory, process orders and payments, ship orders, build customer relationships, leverage analytics and reporting, and access financing.

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Analyst Recommendations for Shopify (TSE:SHOP)

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