Canaccord Genuity Raises Xebec Adsorption (CVE:XBC) Price Target to C$5.00

Xebec Adsorption (CVE:XBC) had its target price upped by equities researchers at Canaccord Genuity from C$2.75 to C$5.00 in a research report issued on Friday, BayStreet.CA reports. Canaccord Genuity’s price objective suggests a potential upside of 26.26% from the company’s current price.

A number of other research analysts also recently commented on the stock. Raymond James set a C$5.00 price objective on shares of Xebec Adsorption and gave the company a “strong-buy” rating in a research note on Tuesday. Desjardins reaffirmed a “buy” rating on shares of Xebec Adsorption in a report on Wednesday, October 23rd. One analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Xebec Adsorption currently has an average rating of “Buy” and an average price target of C$4.33.

Shares of Xebec Adsorption stock traded up C$0.02 during trading hours on Friday, hitting C$3.96. The company’s stock had a trading volume of 586,262 shares, compared to its average volume of 851,663. Xebec Adsorption has a 1-year low of C$0.90 and a 1-year high of C$4.23. The business has a fifty day moving average of C$2.81 and a 200 day moving average of C$2.05. The company has a market capitalization of $318.14 million and a PE ratio of 152.31. The company has a quick ratio of 1.98, a current ratio of 2.33 and a debt-to-equity ratio of 38.20.

Xebec Adsorption (CVE:XBC) last announced its earnings results on Tuesday, November 12th. The company reported C$0.01 earnings per share for the quarter, meeting the consensus estimate of C$0.01. The firm had revenue of C$13.15 million during the quarter, compared to analysts’ expectations of C$12.43 million. On average, sell-side analysts anticipate that Xebec Adsorption will post 0.1006826 earnings per share for the current fiscal year.

In related news, Director Kurt Sorschak sold 92,300 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of C$2.41, for a total transaction of C$222,443.00. Following the transaction, the director now owns 2,518,896 shares of the company’s stock, valued at C$6,070,539.36. Also, insider Simon David Arnsby sold 28,000 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of C$2.27, for a total transaction of C$63,420.00. Following the transaction, the insider now directly owns 7,017,000 shares in the company, valued at approximately C$15,893,505.

Xebec Adsorption Company Profile

Xebec Adsorption Inc provides gas purification, generation, and filtration solutions for the natural gas, field gas, biogas/renewable natural gas, helium, hydrogen, nitrogen, and oxygen markets. It operates through three segments: Clean Technology, Industrial Compressed Air and Gas Treatment, and Oil and Gas.

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Analyst Recommendations for Xebec Adsorption (CVE:XBC)

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