Shopify (TSE:SHO) Stock Rating Lowered by Phillip Securities

Shopify (TSE:SHO) was downgraded by Phillip Securities from a “strong-buy” rating to a “moderate buy” rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other brokerages have also recently issued reports on SHO. Loop Capital raised Shopify from a “hold” rating to a “strong-buy” rating in a report on Friday, December 6th. Benchmark upgraded Shopify from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 10th. Wedbush upgraded Shopify from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Atb Cap Markets lowered Shopify from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Finally, New Street Research upgraded Shopify to a “hold” rating in a research note on Friday, January 10th. Five analysts have rated the stock with a hold rating and eight have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy”.

Shopify Price Performance

About Shopify

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.