Shopify (TSE:SHOP – Get Free Report) had its price objective upped by investment analysts at CSFB from C$55.00 to C$62.00 in a report released on Thursday, BayStreet.CA reports. The brokerage presently has a “neutral” rating on the stock. CSFB’s price objective would indicate a potential downside of 20.02% from the stock’s previous close.
SHOP has been the subject of several other research reports. Royal Bank of Canada lifted their price objective on Shopify from C$75.00 to C$80.00 and gave the stock an “outperform” rating in a report on Thursday. ATB Capital lifted their price objective on Shopify from C$90.00 to C$95.00 and gave the stock an “outperform” rating in a report on Thursday.
Shopify Trading Down 1.7 %
Shares of SHOP opened at C$77.52 on Thursday. The business has a 50-day moving average of C$84.53 and a 200 day moving average of C$72.07. Shopify has a fifty-two week low of C$33.00 and a fifty-two week high of C$93.83. The firm has a market cap of C$93.02 billion, a P/E ratio of -40.59, a price-to-earnings-growth ratio of 1.83 and a beta of 2.04. The company has a debt-to-equity ratio of 16.54, a quick ratio of 5.74 and a current ratio of 6.71.
About Shopify
Shopify Inc, a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company's platform enables merchants to displays, manages, markets, and sells its products through various sales channels, including web and mobile storefronts, physical retail locations, pop-up shops, social media storefronts, native mobile apps, buy buttons, and marketplaces; and enables to manage products and inventory, process orders and payments, fulfill and ship orders, new buyers and build customer relationships, source products, leverage analytics and reporting, manage cash, payments and transactions, and access financing.
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