Posted by admin on May 14th, 2022
Raymond James lowered shares of Xebec Adsorption (TSE:XBC – Get Rating) from an outperform rating to a market perform rating in a research report report published on Friday morning, BayStreet.CA reports. They currently have C$2.00 price objective on the stock, down from their previous price objective of C$3.50.
A number of other research analysts have also issued reports on the company. Canaccord Genuity Group boosted their target price on Xebec Adsorption from C$2.25 to C$2.50 in a report on Thursday, April 14th. Cormark downgraded Xebec Adsorption from a market perform rating to a reduce rating in a research note on Friday, March 18th. TD Securities decreased their price target on Xebec Adsorption from C$2.25 to C$1.40 and set a hold rating on the stock in a research note on Friday. Eight Capital decreased their price target on Xebec Adsorption from C$2.75 to C$2.00 and set a neutral rating on the stock in a research note on Friday. Finally, BMO Capital Markets downgraded Xebec Adsorption from an outperform rating to a hold rating and decreased their price target for the company from C$3.25 to C$1.75 in a research note on Friday. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Xebec Adsorption currently has an average rating of Hold and an average target price of C$2.92.
Shares of TSE:XBC traded down C$0.32 during trading on Friday, reaching C$0.99. The company had a trading volume of 5,215,196 shares, compared to its average volume of 719,798. The firm has a market capitalization of C$153.17 million and a price-to-earnings ratio of -6.47. The company has a debt-to-equity ratio of 27.98, a current ratio of 1.96 and a quick ratio of 1.11. The stock’s fifty day moving average price is C$2.02 and its 200 day moving average price is C$2.24. Xebec Adsorption has a fifty-two week low of C$0.96 and a fifty-two week high of C$5.38.
About Xebec Adsorption (Get Rating)
Xebec Adsorption Inc designs, manufactures, and sells purification, separation, dehydration, and filtration equipment for gases and compressed air in Canada, the United States, China, Korea, Italy, France, and internationally. It operates through Systems and Support segments. The company offers on-site air dehydration under the ADX Solutions brand; biogas to renewable natural gas systems under the BGX Solutions brand; hydrogen purification systems under the H2X Solutions brand; natural gas dehydration units for refueling stations under the NGX Solutions brand; and products for the filtration and separation of air and gases under FSX Solutions brand.
Receive News & Ratings for Xebec Adsorption Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xebec Adsorption and related companies with MarketBeat.com's FREE daily email newsletter.
National Bankshares Lowers Xebec Adsorption (TSE:XBC) Price Target to C$2.00
Xebec Adsorption (TSE:XBC) Downgraded by BMO Capital Markets