Shares of Ballard Power Systems Inc. (TSE:BLDP – Get Rating) have received an average rating of “Hold” from the thirteen analysts that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is C$12.02.
BLDP has been the subject of several research analyst reports. Piper Sandler initiated coverage on Ballard Power Systems in a research report on Wednesday, June 8th. They set a “sell” rating and a C$5.00 target price for the company. Citigroup reissued a “hold” rating and issued a C$14.00 price objective on shares of Ballard Power Systems in a report on Wednesday, March 16th. Truist Financial initiated coverage on Ballard Power Systems in a report on Monday, May 2nd. They issued a “hold” rating and a C$13.00 price objective for the company. Raymond James decreased their price objective on Ballard Power Systems from C$25.00 to C$14.00 and set an “outperform” rating for the company in a report on Tuesday, March 15th. Finally, Wells Fargo & Company reissued a “hold” rating and issued a C$9.00 price objective on shares of Ballard Power Systems in a report on Thursday, May 12th.
Shares of Ballard Power Systems stock opened at C$8.84 on Friday. Ballard Power Systems has a 1 year low of C$7.46 and a 1 year high of C$24.48. The firm has a market cap of C$2.64 billion and a PE ratio of -14.83. The stock has a fifty day moving average price of C$9.64 and a 200-day moving average price of C$12.57. The company has a debt-to-equity ratio of 1.34, a current ratio of 15.36 and a quick ratio of 14.51.
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In related news, Senior Officer Robert Randall Macewen sold 33,079 shares of the business’s stock in a transaction that occurred on Thursday, March 31st. The stock was sold at an average price of C$14.67, for a total value of C$485,326.82. Following the completion of the sale, the insider now owns 312,680 shares in the company, valued at approximately C$4,587,562.79.
Ballard Power Systems Company Profile (Get Rating)
Ballard Power Systems Inc engages in the design, development, manufacture, sale, and service of proton exchange membrane (PEM) fuel cell products. The company offers its products for power product markets, consisting of heavy-duty motives, such as bus, truck, rail, and marine applications; material handling; and backup power.
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