Invinity Energy Systems (LON:IES) Price Target Cut to GBX 65 by Analysts at Canaccord Genuity Group

Invinity Energy Systems (LON:IES) had its target price lowered by investment analysts at Canaccord Genuity Group from GBX 75 ($0.96) to GBX 65 ($0.83) in a report released on Tuesday, MarketBeat.com reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 192.13% from the stock’s previous close.

Invinity Energy Systems Stock Down 2.2 %

Shares of LON:IES opened at GBX 22.25 ($0.28) on Tuesday. The company has a quick ratio of 2.00, a current ratio of 2.51 and a debt-to-equity ratio of 2.94. The stock has a market cap of £98.02 million, a P/E ratio of -185.42 and a beta of 2.29. The business’s 50 day moving average is GBX 23.51 and its 200 day moving average is GBX 27.07. Invinity Energy Systems has a 52-week low of GBX 21 ($0.27) and a 52-week high of GBX 59 ($0.75).

About Invinity Energy Systems

Invinity Energy Systems plc manufactures and sells vanadium flow batteries (VFB) for energy storage solutions in the United Kingdom, Canada, the United States, Australia, and China. It also offers electric related services. The company provides batteries for energy storage for utilities and developers, commercial and industrial, and off-grid and microgrid applications.