Ballard Power Systems (NASDAQ:BLDP – Get Rating) (TSE:BLD) had its target price reduced by research analysts at Truist Financial from $7.00 to $6.00 in a report released on Wednesday, The Fly reports. Truist Financial’s price objective suggests a potential upside of 17.19% from the stock’s previous close.
Several other equities research analysts have also recently issued reports on the stock. Scotiabank began coverage on shares of Ballard Power Systems in a research report on Thursday, March 9th. They issued a “sector perform” rating and a $7.25 target price on the stock. Wells Fargo & Company lowered shares of Ballard Power Systems from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $6.00 to $5.00 in a report on Friday, January 6th. National Bankshares cut their price target on shares of Ballard Power Systems from $8.00 to $7.00 and set a “sector perform” rating on the stock in a report on Tuesday, January 17th. Cowen cut their price target on shares of Ballard Power Systems to $7.50 in a report on Tuesday, November 15th. Finally, UBS Group initiated coverage on shares of Ballard Power Systems in a report on Tuesday, December 13th. They issued a “neutral” rating on the stock. Two analysts have rated the stock with a sell rating and fourteen have given a hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $7.25.
Ballard Power Systems Price Performance
BLDP opened at $5.12 on Wednesday. The company’s 50 day simple moving average is $5.94 and its 200 day simple moving average is $6.01. The company has a debt-to-equity ratio of 0.01, a quick ratio of 13.65 and a current ratio of 14.44. Ballard Power Systems has a 1 year low of $4.43 and a 1 year high of $12.57. The stock has a market capitalization of $1.53 billion, a PE ratio of -8.26 and a beta of 1.91.
Institutional Trading of Ballard Power Systems
About Ballard Power Systems
Ballard Power Systems, Inc engages in the design, development, manufacture, sale, and service of fuel cell products for a variety of applications. It focuses on power product markets of heavy duty motive, portable power, material handling, and backup power, as well as the delivery of technology solutions.
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