Wall Street analyst has provided a review yesterday, and retained the same rating on the stock. Maxim Group’s analyst Tate Sullivan reiterates their Buy rating on the shares of GreenPower Motor (GPV – Research Report), with a $6.00 price target.
According to TipRanks.com, Sullivan is a 5-star analyst with an average return of 13.9% and a 43.7% success rate. Sullivan covers the Industrial Goods sector, focusing on stocks such as Performance Shipping, Seanergy Maritime, and Exro Technologies.
GreenPower Motor has an analyst consensus of Moderate Buy, with a price target consensus of C$7.59, implying a 91.2% upside from current levels. In a report issued on November 6, B.Riley Financial also maintained a Buy rating on the stock with a $5.00 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 6,099.
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 Thursday at C$3.93.
Read More on TSE:GPV:
- GreenPower Motor price target lowered to $7 from $13 at Roth MKM
- GreenPower Motor downgraded to Neutral from Buy at BTIG
- GreenPower Motor receives orders for 35 orders for electric buses in California
- GreenPower Announces Revenue of $26 million for First Half of Fiscal 2024, a 125% Increase from Previous Year
- GreenPower Motor price target lowered to $5 from $6 at B. Riley
