C$6.1 0.0 0.7%
Last Trade - 15/01/21
Market Cap | £490.1m |
Enterprise Value | £468.8m |
Revenue | £67.1m |
Position in Universe | 302nd / 2680 |
** Shares of medical cannabis co CWEB.TO fall as much as 7.1% to C$3.68 - a record low ** CWEB posts bigger-than-expected loss in Q2 and misses revenue estimates, as stores that sell its products shuttered temporarily or saw lower traffic due to the COVID-19 pandemic urn:newsml:reuters.com:*:nCNWr7lHHa ** We expect revenue to be flat to modestly higher for 2020 - CWEB urn:newsml:reuters.com:*:nTRN1QF33m ** Analysts on average project FY20 revenue to jump 18.3%, according to IBES data from Refinitiv ** Post results, Canaccord Genuity analyst Derek Dley cuts PT on stock to C$7.75 from C$9 ** Direct-to-consumer sales, however, increase 33.6% in Q2, as its digital marketing campaigns and social-media programs led to a rise in online traffic ** Avg. rating is "buy" and median PT is C$6.96, about 85% higher than current trading level ** Including session's move, stock has lost about two-thirds of its value this year (Reporting by Praveen Paramasivam in Bengaluru) ((Praveen.Paramasivam@thomsonreuters.com))