Spark Power Group (TSE:SPG) Downgraded by Canaccord Genuity
Spark Power Group (TSE:SPG) was downgraded by Canaccord Genuity from a “buy” rating to a “speculative buy” rating in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. They currently have a C$2.25 price target on the stock, down from their previous price target of C$3.00. Canaccord Genuity’s target price indicates a potential upside of 87.50% from the stock’s previous close.
Other research analysts have also issued reports about the company. Desjardins reissued a “buy” rating on shares of Spark Power Group in a research report on Tuesday, June 25th. Cormark dropped their price objective on Spark Power Group from C$3.00 to C$2.25 in a research note on Thursday, August 22nd.
SPG traded down C$0.03 during trading on Wednesday, reaching C$1.20. 19,250 shares of the stock traded hands, compared to its average volume of 10,388. The company has a quick ratio of 0.90, a current ratio of 1.06 and a debt-to-equity ratio of 356.78. The stock has a market capitalization of $57.26 million and a PE ratio of -1.96. The company has a 50-day simple moving average of C$1.51. Spark Power Group has a 12 month low of C$1.19 and a 12 month high of C$2.99.
Spark Power Group Inc provides electrical power services and solutions primarily in North America. The company operates through three divisions: Technical Services; Power Equipment; and Power Advisory and Sustainability. The company offers technical services, such as construction, repair, replacement, maintenance, testing, and commissioning of electrical assets.
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