Green Impact Partners (CVE:GIP) Price Target Lowered to C$9.00 at Canaccord Genuity Group

Green Impact Partners (CVE:GIP) had its price objective trimmed by Canaccord Genuity Group from C$9.50 to C$9.00 in a research report released on Tuesday morning, BayStreet.CA reports. The firm currently has a speculative buy rating on the stock.

A number of other analysts have also recently commented on GIP. Haywood Securities cut their target price on shares of Green Impact Partners from C$17.00 to C$13.25 and set a buy rating for the company in a research note on Wednesday, May 1st. Royal Bank of Canada cut 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, April 30th.

Green Impact Partners Price Performance

GIP stock opened at C$3.21 on Tuesday. The stock has a market capitalization of C$66.45 million, a P/E ratio of -7.83 and a beta of 0.44. The firm has a 50-day simple moving average of C$3.36 and a 200-day simple moving average of C$3.09. The company has a quick ratio of 0.68, a current ratio of 0.73 and a debt-to-equity ratio of 26.65. Green Impact Partners has a 52 week low of C$2.45 and a 52 week high of C$7.40.

About Green Impact Partners

Green Impact Partners Inc provides water, waste, and solids treatment and recycling services in North America. The company operates in two segments, Water & Solids Recycling & Energy Product Optimization; and Clean Energy Production. It operates a portfolio of water and solids treatment and recycling facilities.