Royal Bank of Canada Lowers Westport Fuel Systems (TSE:WPRT) Price Target to C$1.50

Westport Fuel Systems (TSE:WPRTGet Rating) had its price target lowered by stock analysts at Royal Bank of Canada from C$2.50 to C$1.50 in a report issued on Wednesday, BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank of Canada’s price target points to a potential upside of 25.00% from the stock’s previous close.

Westport Fuel Systems Price Performance

Westport Fuel Systems stock opened at C$1.20 on Wednesday. Westport Fuel Systems has a 52 week low of C$1.01 and a 52 week high of C$2.25. The business has a 50-day simple moving average of C$1.45 and a 200 day simple moving average of C$1.30. The company has a quick ratio of 1.54, a current ratio of 2.33 and a debt-to-equity ratio of 34.85. The stock has a market cap of C$205.56 million, a price-to-earnings ratio of -13.33, a PEG ratio of -0.12 and a beta of 2.85.

Insider Activity

In other Westport Fuel Systems news, Senior Officer David Mitchelhill Johnson purchased 65,000 shares of the stock in a transaction on Friday, December 23rd. The stock was acquired at an average price of C$1.06 per share, with a total value of C$68,952.00. Following the transaction, the insider now directly owns 618,295 shares of the company’s stock, valued at approximately C$655,887.34. In the last quarter, insiders purchased 105,000 shares of company stock valued at $105,296. Insiders own 11.55% of the company’s stock.

Westport Fuel Systems Company Profile

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Westport Fuel Systems Inc engages in the engineering, manufacturing, and supplying alternative fuel systems and components for use in transportation applications worldwide. The company operates through Original Equipment Manufacturer and Independent Aftermarket segments. It offers alternative fuel systems and components, which include a range of alternative fuels, such as liquefied petroleum gas, compressed natural gas, liquefied natural gas, renewable natural gas, and hydrogen; and independent aftermarket, light and heavy-duty original equipment manufacturers (OEMs) and delayed OEMs, electronics, hydrogen, and fuel storage activities.

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