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

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

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

Green Impact Partners Price Performance

CVE:GIP opened at C$2.60 on Tuesday. Green Impact Partners has a 1-year low of C$2.45 and a 1-year 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. The firm has a fifty day simple moving average of C$2.88 and a 200 day simple moving average of C$3.75. The stock has a market capitalization of C$53.30 million, a PE ratio of 52.00 and a beta of 0.35.

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.