Pi Financial Reiterates C$1.25 Price Target for Greenlane Renewables Inc. (GRN.V) (CVE:GRN)

Pi Financial set a C$1.25 price target on Greenlane Renewables Inc. (GRN.V) (CVE:GRN) in a research note released on Wednesday, BayStreet.CA reports. The firm currently has a buy rating on the stock.

Several other equities research analysts have also weighed in on the company. Haywood Securities raised their price objective on Greenlane Renewables Inc. (GRN.V) from C$0.80 to C$1.25 in a research note on Friday, October 9th. Canaccord Genuity raised their price objective on Greenlane Renewables Inc. (GRN.V) from C$1.20 to C$1.30 in a research note on Wednesday. Finally, Raymond James set a C$1.25 price objective on Greenlane Renewables Inc. (GRN.V) and gave the stock a strong-buy rating in a research note on Wednesday.

Shares of GRN stock opened at C$0.87 on Wednesday. Greenlane Renewables Inc. has a 1 year low of C$0.18 and a 1 year high of C$0.88. The stock has a market cap of $50.42 million and a PE ratio of -12.99. The business’s fifty day moving average is C$0.57 and its 200-day moving average is C$0.44. The company has a debt-to-equity ratio of 52.79, a quick ratio of 1.48 and a current ratio of 1.64.

Greenlane Renewables Inc. (GRN.V) (CVE:GRN) last issued its quarterly earnings results on Tuesday, August 25th. The company reported C($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of C($0.01). The firm had revenue of C$4.24 million for the quarter, compared to analyst estimates of C$4.25 million. Equities research analysts predict that Greenlane Renewables Inc. will post 0.02 earnings per share for the current year.

About Greenlane Renewables Inc. (GRN.V)

Greenlane Renewables Inc provides biogas upgrading systems worldwide. The company's systems remove impurities and separate carbon dioxide from biomethane in the raw biogas created from anaerobic decomposition of organic waste at landfills, wastewater treatment plants, and farms and food waste facilities for injection into the natural gas grid or for direct use as vehicle fuel.

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