EQTEC (LON:EQT) Price Target Increased to GBX 2 by Analysts at Canaccord Genuity Group

EQTEC (LON:EQTGet Rating) had its price target increased by investment analysts at Canaccord Genuity Group from GBX 1.80 ($0.02) to GBX 2 ($0.03) in a research report issued on Monday, MarketBeat reports. The firm currently has a “speculative buy” rating on the stock. Canaccord Genuity Group’s target price suggests a potential upside of 140.67% from the company’s current price.

Shares of EQT stock opened at GBX 0.83 ($0.01) on Monday. The stock has a market cap of £71.46 million and a PE ratio of -8.48. The business has a 50-day simple moving average of GBX 0.90 and a 200-day simple moving average of GBX 1.10. The company has a quick ratio of 4.78, a current ratio of 6.25 and a debt-to-equity ratio of 0.82. EQTEC has a 52-week low of GBX 0.65 ($0.01) and a 52-week high of GBX 2.04 ($0.03).

EQTEC Company Profile (Get Rating)

EQTEC plc licenses and sells its proprietary gasification technology that generates green energy from waste, biomass, and plastics primarily in Ireland, Spain, and the United Kingdom. The company's gasification technology produces energy from various feedstock, such as municipal, agricultural, and industrial waste.

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