Canaccord Genuity Group Issues Positive Forecast for Lithium Ionic (CVE:LTH) Stock Price

Lithium Ionic (CVE:LTH) had its price objective lifted by Canaccord Genuity Group from C$1.80 to C$2.15 in a report issued on Thursday,BayStreet.CA reports. The firm currently has a speculative buy rating on the stock.

Separately, BMO Capital Markets set a C$1.25 target price on Lithium Ionic and gave the stock an “outperform” rating in a research report on Wednesday, August 6th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$1.70.

Lithium Ionic Stock Performance

CVE LTH opened at C$0.77 on Thursday. Lithium Ionic has a twelve month low of C$0.50 and a twelve month high of C$1.15. The stock has a market cap of C$122.11 million, a price-to-earnings ratio of -11.00 and a beta of 0.83. The firm’s 50 day moving average price is C$0.72 and its two-hundred day moving average price is C$0.72.