Green Impact Partners (CVE:GIP) Price Target Cut to C$9.00

Green Impact Partners (CVE:GIP) had its price target dropped by Royal Bank of Canada from C$14.00 to C$9.00 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s price target would suggest a potential upside of 246.15% from the company’s current price.

Green Impact Partners Stock Performance

Shares of GIP opened at C$2.60 on Tuesday. The firm’s 50-day moving average is C$2.88 and its two-hundred day moving average is C$3.75. The firm has a market capitalization of C$53.30 million, a P/E ratio of 52.00 and a beta of 0.35. Green Impact Partners has a twelve month low of C$2.45 and a twelve month high of C$8.82. The company has a current ratio of 0.80, a quick ratio of 0.68 and a debt-to-equity ratio of 22.42.

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.