Greenlane Renewables Inc. (GRN.V) (CVE:GRN – Get Rating) had its target price dropped by equities research analysts at Raymond James from C$1.75 to C$1.25 in a report released on Friday, BayStreet.CA reports. The brokerage currently has a "market perform" rating on the stock. Raymond James' target price indicates a potential downside of 55.04% from the stock's current price.
Separately, Alliance Global Partners cut shares of Greenlane Renewables Inc. (GRN.V) from a "buy" rating to a "neutral" rating in a research report on Wednesday, February 22nd.
Get Greenlane Renewables Inc. (GRN.V) alerts:Greenlane Renewables Inc. (GRN.V) Stock Performance
GRN opened at C$2.78 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.77 and a debt-to-equity ratio of 35.74. The company has a market cap of C$368.17 million and a price-to-earnings ratio of -102.96. The company's 50 day moving average is C$2.78 and its 200 day moving average is C$2.78. Greenlane Renewables Inc. has a 12-month low of C$0.19 and a 12-month high of C$2.90.
Greenlane Renewables Inc. (GRN.V) Company Profile
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Greenlane Renewables Inc provides biogas upgrading systems worldwide. The company's systems remove impurities and separate carbon dioxide from biomethane in the raw biogas created from anaerobic decomposition of organic waste at landfills, wastewater treatment plants, and farms and food waste facilities for injection into the natural gas grid or for direct use as vehicle fuel.
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