Roth Capital Believes Global Water Resources Inc (NASDAQ: GWRS) Still Has Room to Grow

By Jason Carr

In a report released today, Gerry Sweeney from Roth Capital reiterated a Buy rating on Global Water Resources Inc (NASDAQ: GWRS), with a price target of $10.50. The company’s shares opened today at $9, close to its 52-week high of $9.36.

According to TipRanks.com, Sweeney is a 3-star analyst with an average return of 3.7% and a 48.6% success rate. Sweeney covers the Utilities sector, focusing on stocks such as Connecticut Water Service, Consolidated Water Co Ltd, and Artesian Resources Corp.

Global Water Resources Inc has an analyst consensus of Moderate Buy, with a price target consensus of $10.50.

The company has a one year high of $9.36 and a one year low of $6.97. Currently, Global Water Resources Inc has an average volume of 20.1K.

Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of GWRS in relation to earlier this year.

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Global Water Resources, Inc. engages in the operation and management of water, wastewater and recycled water utilities. It seeks to deploy its integrated approach, Total Water Management, which conserves water, and maximize its total economic and social value. The company was founded on September 24, 2003 and is headquartered in Phoenix, AZ.