National Bankshares Raises Shopify (TSE:SHOP) Price Target to C$140.00

Shopify (TSE:SHOP) had its price target boosted by National Bankshares from C$100.00 to C$140.00 in a research report sent to investors on Wednesday morning,BayStreet.CA reports.

Separately, ATB Capital lifted their price target on shares of Shopify from C$115.00 to C$120.00 in a research note on Thursday, August 8th.

Shopify Trading Down 0.4 %

TSE SHOP opened at C$152.87 on Wednesday. The company has a debt-to-equity ratio of 12.40, a current ratio of 7.32 and a quick ratio of 5.74. Shopify has a one year low of C$72.36 and a one year high of C$161.86. The stock’s 50-day moving average is C$112.70 and its 200-day moving average is C$97.37. The firm has a market cap of C$184.97 billion, a P/E ratio of 111.58, a P/E/G ratio of 0.87 and a beta of 2.36.

Insider Activity at Shopify

In other Shopify news, Senior Officer Jessica Hertz sold 26,672 shares of Shopify stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of C$150.33, for a total transaction of C$4,009,702.63. Also, Director Tobyn David Shannan sold 424 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of C$91.85, for a total transaction of C$38,945.52. Insiders have sold 38,423 shares of company stock valued at $5,165,889 over the last ninety days. 0.18% of the stock is owned by corporate insiders.

Shopify Company Profile

Shopify Inc, a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, Australia, China, 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.