Shopify (NASDAQ:SHOP – Get Free Report) TSE: SHOP 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.
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A number of other equities analysts have also weighed in on SHOP. Rothschild & Co Redburn set a $130.00 price objective on Shopify and gave the stock a “neutral” rating in a research note on Tuesday, July 21st. BMO Capital Markets set a $165.00 target price on Shopify and gave the stock an “outperform” rating in a research note on Thursday, August 6th. Oppenheimer reiterated an “outperform” rating and set a $175.00 price target on shares of Shopify in a report on Wednesday, May 6th. Susquehanna started coverage on shares of Shopify in a research report on Friday, July 10th. They set a “neutral” rating on the stock. Finally, Citizens Jmp upped their price objective on shares of Shopify from $150.00 to $185.00 and gave the company a “market outperform” rating in a report on Thursday, August 6th. Thirty-five equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $170.72.
Get Our Latest Analysis on Shopify
Shopify Trading Down 3.7%
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SHOP opened at $148.65 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.35 and a quick ratio of 5.35. The company’s 50 day simple moving average is $123.73 and its two-hundred day simple moving average is $120.17. Shopify has a 1-year low of $94.00 and a 1-year high of $182.19. The firm has a market capitalization of $191.26 billion, a price-to-earnings ratio of 100.44, a price-to-earnings-growth ratio of 3.15 and a beta of 2.58.
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