Shopify (TSE:SHO) Cut to Moderate Buy at Phillip Securities

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

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