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.
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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