Raymond James Reiterates Outperform Rating for Spark Power Group (TSE:SPG)

Raymond James reissued their outperform rating on shares of Spark Power Group (TSE:SPG) in a research report sent to investors on Thursday morning, BayStreet.CA reports. Raymond James currently has a C$2.50 price objective on the stock. Raymond James also issued estimates for Spark Power Group’s FY2020 earnings at $0.20 EPS.

SPG has been the subject of a number of other research reports. Canaccord Genuity downgraded shares of Spark Power Group from a buy rating to a speculative buy rating and decreased their target price for the company from C$3.00 to C$2.25 in a research note on Wednesday, September 11th. Cormark reduced their price target on shares of Spark Power Group from C$3.00 to C$2.25 in a research report on Thursday, August 22nd.

Shares of TSE SPG opened at C$1.35 on Thursday. Spark Power Group has a fifty-two week low of C$0.90 and a fifty-two week high of C$2.79. The firm’s 50 day simple moving average is C$1.05. The company has a market capitalization of $44.19 million and a P/E ratio of -2.21. The company has a quick ratio of 0.90, a current ratio of 1.06 and a debt-to-equity ratio of 356.78.

Spark Power Group (TSE:SPG) last announced its earnings results on Tuesday, November 12th. The company reported C$0.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of C$0.02 by C$0.04. The business had revenue of C$52.05 million for the quarter, compared to the consensus estimate of C$43.40 million. As a group, research analysts forecast that Spark Power Group will post 0.14 earnings per share for the current year.

About Spark Power Group

Spark Power Group Inc provides electrical power services and solutions primarily in North America. The company operates through three divisions: Technical Services; Power Equipment; and Power Advisory and Sustainability. The company offers technical services, such as construction, repair, replacement, maintenance, testing, and commissioning of electrical assets.

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