Invesque (TSE:IVQ) Receives Hold Rating from Echelon Wealth Partners

Invesque (TSE:IVQ)‘s stock had its “hold” rating restated by equities researchers at Echelon Wealth Partners in a research note issued to investors on Monday, reports.

Other equities research analysts have also issued reports about the stock. National Bank Financial reduced their target price on shares of Invesque from C$6.25 to C$4.50 and set a “sector perform” rating on the stock in a report on Monday, March 16th. CIBC lowered shares of Invesque from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from C$7.50 to C$5.50 in a report on Monday, March 16th.

TSE:IVQ opened at C$3.37 on Monday. The company has a quick ratio of 0.48, a current ratio of 0.64 and a debt-to-equity ratio of 266.35. The company has a 50 day moving average price of C$3.36 and a 200 day moving average price of C$5.92. Invesque has a fifty-two week low of C$2.50 and a fifty-two week high of C$9.86.

Invesque (TSE:IVQ) last released its earnings results on Wednesday, May 13th. The company reported C($1.18) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.28 by C($1.46). The business had revenue of C$72.35 million for the quarter.

Invesque Company Profile

Invesque Inc operates as a real estate investment company in Canada and the United States. Its portfolio of investments include independent living, assisted living, memory care, skilled nursing, transitional care, and medical office properties. As of March 11, 2020, it owned a portfolio of 108 properties, including 74 assisted living and memory care facilities, 17 skilled nursing facilities, 13 transitional care properties, and 4 medical office buildings in the United States; and 15 properties comprised 11 medical office buildings, and 4 seniors housing and care facilities in Canada.

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