Carmanah Tech (CMH) has received a rating update from a Wall Street analyst on December 13. GMP FirstEnergy’s analyst Justin Keywood reiterates their Buy rating on the shares, with a C$7.50 price target.
Keywood has an average return of 21.8% when recommending Carmanah Tech.
According to TipRanks.com, Keywood is ranked #3168 out of 5105 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Carmanah Tech with a C$7.50 average price target, which is a 29.3% upside from current levels. In a report issued on December 13, Canaccord Genuity also reiterated a Buy rating on the stock with a C$7.50 price target.
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The company has a one-year high of C$6.13 and a one-year low of C$3.39. Currently, Carmanah Tech has an average volume of 31.2K.
Carmanah Technologies Corp. designs, develops and distributes industrial and commercial solar powered outdoor LED lighting systems, signaling systems for the marine, aviation, traffic and obstruction markets, energy systems for the mobile markets and also designs and installs PV rooftop and greenfield power plants.
The company’s shares closed on Friday at C$5.80, close to its 52-week high of C$6.13.
