H2O Innovation (CVE:HEO) Downgraded by Desjardins

Desjardins cut shares of H2O Innovation (CVE:HEO – Free Report) from a buy rating to a tender rating in a research report report published on Wednesday morning, BayStreet.CA reports. They currently have C$4.25 price objective on the stock.

Several other equities analysts have also weighed in on the stock. National Bankshares lifted their target price on shares of H2O Innovation from C$3.25 to C$4.25 in a report on Wednesday. Canaccord Genuity Group lowered shares of H2O Innovation from a buy rating to a tender rating and boosted their price objective for the stock from C$3.25 to C$4.25 in a report on Wednesday. Cormark boosted their price objective on shares of H2O Innovation from C$4.00 to C$4.20 in a report on Wednesday. Finally, Acumen Capital lowered shares of H2O Innovation from a buy rating to a tender rating and boosted their price objective for the stock from C$3.75 to C$4.25 in a report on Wednesday. Two analysts have rated the stock with a buy rating, According to data from MarketBeat, H2O Innovation has a consensus rating of Buy and a consensus target price of C$4.06.

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H2O Innovation Stock Performance

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

About H2O Innovation

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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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