Ballard Power Systems Inc. (TSE:BLDP) Receives Average Rating of “Hold” from Brokerages

Shares of Ballard Power Systems Inc. (TSE:BLDPGet Rating) have been given a consensus recommendation of “Hold” by the ten brokerages that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is C$13.53.

BLDP has been the topic of a number of recent research reports. Susquehanna Bancshares reaffirmed a “hold” rating and set a C$11.00 price target on shares of Ballard Power Systems in a research report on Thursday, March 10th. Citigroup reissued a “hold” rating and set a C$14.00 price objective on shares of Ballard Power Systems in a report on Wednesday, March 16th. BMO Capital Markets cut Ballard Power Systems to a “hold” rating and set a C$10.00 price objective on the stock. in a report on Monday, February 7th. B. Riley Financial reissued a “buy” rating and set a C$15.00 price objective on shares of Ballard Power Systems in a report on Tuesday, February 8th. Finally, Raymond James lowered their price target on Ballard Power Systems from C$25.00 to C$14.00 and set an “outperform” rating on the stock in a report on Tuesday, March 15th.

In related news, Senior Officer Jay Francis Murray sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, March 18th. The stock was sold at an average price of C$14.70, for a total transaction of C$36,750.00. Following the transaction, the insider now directly owns 5,188 shares in the company, valued at approximately C$76,263.60. Also, Senior Officer Robert Randall Macewen sold 33,079 shares of the firm’s stock in a transaction that occurred on Thursday, March 31st. The stock was sold at an average price of C$14.67, for a total value of C$485,326.82. Following the transaction, the insider now owns 312,680 shares in the company, valued at C$4,587,562.79.

Shares of TSE BLDP traded up C$0.11 during trading on Monday, reaching C$13.51. 788,392 shares of the stock traded hands, compared to its average volume of 1,283,494. Ballard Power Systems has a 52-week low of C$10.68 and a 52-week high of C$29.16. The company has a debt-to-equity ratio of 1.29, a current ratio of 14.78 and a quick ratio of 14.11. The company has a 50-day moving average of C$13.55 and a 200-day moving average of C$16.29. The stock has a market capitalization of C$4.02 billion and a P/E ratio of -27.81.

Ballard Power Systems Company Profile (Get Rating)

Ballard Power Systems Inc engages in the design, development, manufacture, sale, and service of proton exchange membrane (PEM) fuel cell products. The company offers its products for power product markets, consisting of heavy-duty motives, such as bus, truck, rail, and marine applications; material handling; and backup power.

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Analyst Recommendations for Ballard Power Systems (TSE:BLDP)

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