Loop Energy (OTC:LPENF) Price Target Cut to C$0.65

Loop Energy (OTC:LPENFGet Rating) had its target price decreased by Raymond James to C$0.65 in a report released on Monday morning, The Fly reports.

Separately, National Bank Financial downgraded shares of Loop Energy from an outperform rating to a sector perform rating in a report on Thursday, March 30th.

Loop Energy Stock Performance

Shares of LPENF stock opened at $0.52 on Monday. Loop Energy has a one year low of $0.51 and a one year high of $2.25. The company’s fifty day moving average price is $0.69.

About Loop Energy

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Loop Energy Inc develops, manufactures, and supplies hydrogen fuel cells to vehicle and power generation system manufacturers worldwide. The company offers its fuel cell systems for the electrification of light commercial vehicles, transit buses, and medium and heavy-duty trucks. Loop Energy Inc was incorporated in 2000 and is headquartered in Burnaby, Canada.

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