Canaccord Genuity Group Lowers H2O Innovation (CVE:HEO) to Tender

Canaccord Genuity Group lowered shares of H2O Innovation (CVE:HEO – Free Report) from a buy rating to a tender rating in a research report released on Wednesday, BayStreet.CA reports. The brokerage currently has C$4.25 price objective on the stock, up from their previous price objective of C$3.25.

Other research analysts have also issued research reports about the company. National Bankshares increased their price objective on H2O Innovation from C$3.25 to C$4.25 in a report on Wednesday. Desjardins lowered their target price on H2O Innovation from C$3.65 to C$3.50 and set a buy rating on the stock in a report on Thursday, September 28th. Two investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of Buy and an average target price of C$4.06.

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H2O Innovation Stock Performance

Shares of CVE HEO opened at C$2.38 on Wednesday. The company has a debt-to-equity ratio of 49.03, a quick ratio of 1.51 and a current ratio of 2.11. The firm has a market cap of C$214.22 million and a price-to-earnings ratio of 68.00. The business’s 50-day simple moving average is C$2.38 and its 200-day simple moving average is C$2.38. H2O Innovation has a 52 week low of C$2.05 and a 52 week high of C$2.94.

H2O Innovation Company Profile

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H2O Innovation Inc designs and provides integrated water treatment solutions based on membrane filtration technology. The company operates through three segments: Water Technologies and Services, Specialty Products, and Operation and Maintenance Services. It offers membrane filtration technology for municipal, industrial, energy, and natural resources end-users; and aftersales services, as well as digital solutions to monitor and optimize water treatment plants.

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