Green Impact Partners (CVE:GIP) Downgraded to “Hold” Rating by Royal Bank Of Canada

Green Impact Partners (CVE:GIP) was downgraded by Royal Bank Of Canada from a “moderate buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, MarketBeat Ratings reports. They presently have a C$5.00 price target on the stock, up from their previous price target of C$4.00. Royal Bank Of Canada’s target price indicates a potential upside of 56.25% from the stock’s current price.

Green Impact Partners Stock Performance

Shares of GIP stock opened at C$3.20 on Tuesday. Green Impact Partners has a 1 year low of C$2.50 and a 1 year high of C$6.00. The company has a debt-to-equity ratio of 33.29, a quick ratio of 0.68 and a current ratio of 0.64. The firm has a market cap of C$69.14 million, a price-to-earnings ratio of -3.17 and a beta of 0.11. The stock’s 50-day moving average is C$3.51 and its two-hundred day moving average is C$3.97.

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.