In a latest note to investors, a research analyst has provided a rating update for the HIVE Blockchain Technologies Ltd (HIVE). GMP FirstEnergy’s analyst Deepak Kaushal downgraded HIVE to Hold today , with a C$0.80 price target.
According to TipRanks.com, Kaushal is ranked 0 out of 5 stars with an average return of -5.8% and a 50.0% success rate. Kaushal covers the Technology sector, focusing on stocks such as Enghouse Systems Limited, exactEarth Ltd, and Descartes.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for HIVE Blockchain Technologies Ltd with a C$0.60 average price target.
The company has a one-year high of C$4.05 and a one-year low of C$0.27. Currently, HIVE Blockchain Technologies Ltd has an average volume of 1M.
HIVE Blockchain Technologies Ltd. engages in building a bridge from the blockchain sector to traditional capital markets. It also involves in the production of mined cryptocurrency like Ethereum around the clock. Its project include Iceland Cryptocurrency Mining. The company was founded on June 24, 1987 and is headquartered in Vancouver, Canada.
The company’s shares closed on Wednesday at C$0.29, close to its 52-week low of C$0.27.
