Green Impact Partners (CVE:GIP) Price Target Cut to C$9.50

Green Impact Partners (CVE:GIP) had its price objective lowered by stock analysts at Canaccord Genuity Group from C$12.00 to C$9.50 in a report issued on Tuesday, BayStreet.CA reports. The brokerage currently has a “speculative buy” rating on the stock. Canaccord Genuity Group’s target price points to a potential upside of 265.38% from the stock’s current price.

Separately, Royal Bank of Canada cut their price target on shares of Green Impact Partners from C$14.00 to C$9.00 and set an “outperform” rating on the stock in a report on Tuesday.

Green Impact Partners Trading Down 3.3 %

CVE:GIP traded down C$0.09 during trading hours on Tuesday, hitting C$2.60. The company had a trading volume of 200 shares, compared to its average volume of 17,025. The company has a market capitalization of C$53.30 million, a PE ratio of 52.00 and a beta of 0.35. The stock has a 50-day moving average price of C$2.92 and a 200 day moving average price of C$3.78. Green Impact Partners has a 52 week low of C$2.45 and a 52 week high of C$8.82. The company has a debt-to-equity ratio of 22.42, a current ratio of 0.80 and a quick ratio of 0.68.

About Green Impact Partners

Green Impact Partners Inc, a clean energy company, provides water, waste, and solids treatment and recycling services in North America. It operates through two segments: Water and Industrial, and Energy Production. The company operates a portfolio of water and solids treatment and recycling facilities.