Wall Street analyst has provided a review on August 2, and retained the same rating on the stock. The NA company, GreenPower Motor (TSXV: GPV) has just received a rating update from a Wall Street analyst.
According to TipRanks.com, Ritchie is a 4-star analyst with an average return of 8.8% and a 55.1% success rate. Ritchie covers the Industrial Goods sector, focusing on stocks such as Honeywell International, Stanley Black & Decker, and Zurn Water Solutions.
Currently, the analyst consensus on GreenPower Motor is a Strong Buy with an average price target of C$40.64, implying a 645.7% upside from current levels. In a report issued on July 18, Maxim Group also reiterated a Buy rating on the stock with a $7.00 price target.
The company has a one-year high of C$7.00 and a one-year low of C$2.27. Currently, GreenPower Motor has an average volume of 12.04K.
GreenPower Motor Company Inc is the manufacturer and distributor of an all-electric charter, school and city buses. The company offers electric-powered transit bus deploying electric drive and battery technologies with a lightweight chassis and low floor body. Its product line includes All-electric transit buses and All-electric school and shuttle buses. The company’s buses depend on clean sheet design and utilize a custom battery management system and a proprietary flex power system for the drive motors.
The company’s shares closed last Friday at C$5.36.
Read More on TSE:GPV:
- GreenPower Motor appoints Kingmor as dealer for electric school buses
- GreenPower Motor shares to resume trading on TSX Venture July 21
- GreenPower Motor announces revocation of cease trade offer
- GreenPower Motor gets order for 15 GreenPower All-Electric BEAST school buses
- GreenPower Motor reports Q4 revenue $15.3M, consensus $13.98M
