Green Impact Partners (CVE:GIP) Given New C$9.50 Price Target at Canaccord Genuity Group

Green Impact Partners (CVE:GIP) had its price target reduced by Canaccord Genuity Group from C$12.00 to C$9.50 in a report published on Tuesday, BayStreet.CA reports. They currently have a speculative buy rating on the stock.

Separately, Royal Bank of Canada lowered their price objective on Green Impact Partners from C$14.00 to C$9.00 and set an outperform rating for the company in a research report on Tuesday.

Green Impact Partners Stock Down 3.3 %

Shares of CVE:GIP opened at C$2.60 on Tuesday. The firm has a market cap of C$53.30 million, a P/E ratio of 52.00 and a beta of 0.35. Green Impact Partners has a 12-month low of C$2.45 and a 12-month high of C$8.82. The business has a fifty day simple moving average of C$2.90 and a 200 day simple moving average of C$3.76. The company has a quick ratio of 0.68, a current ratio of 0.80 and a debt-to-equity ratio of 22.42.

Green Impact Partners Company Profile

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.