Shopify (TSE:SHO) Rating Lowered to “Hold” at Rothschild & Co Redburn

Shopify (TSE:SHO) was downgraded by analysts at Rothschild & Co Redburn from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Other analysts have also issued reports about the stock. Citigroup lowered shares of Shopify from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 10th. BMO Capital Markets downgraded shares of Shopify from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 10th. Finally, Jefferies Financial Group upgraded shares of Shopify from a “hold” rating to a “strong-buy” rating in a report on Sunday, July 12th. Eleven research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Buy”.

Shopify Stock 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.