Xebec Adsorption Inc. (XBC.V) (CVE:XBC) Reaches New 12-Month High After Analyst Upgrade

Xebec Adsorption Inc. (XBC.V) (CVE:XBC) shares hit a new 52-week high during trading on Thursday after TD Securities raised their price target on the stock from C$6.50 to C$12.50. TD Securities currently has a buy rating on the stock. Xebec Adsorption Inc. (XBC.V) traded as high as C$9.05 and last traded at C$8.90, with a volume of 741564 shares trading hands. The stock had previously closed at C$7.95.

Other equities analysts also recently issued reports about the stock. M Partners downgraded shares of Xebec Adsorption Inc. (XBC.V) from a “buy” rating to a “hold” rating in a research note on Wednesday, October 14th. Raymond James upped their target price on Xebec Adsorption Inc. (XBC.V) from C$7.00 to C$12.00 and gave the stock a “strong-buy” rating in a research report on Thursday. Canaccord Genuity boosted their price target on Xebec Adsorption Inc. (XBC.V) from C$6.00 to C$10.00 in a research note on Thursday. National Bank Financial raised their price objective on shares of Xebec Adsorption Inc. (XBC.V) from C$6.50 to C$9.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Desjardins reiterated a “buy” rating on shares of Xebec Adsorption Inc. (XBC.V) in a research note on Tuesday, November 10th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Xebec Adsorption Inc. (XBC.V) presently has an average rating of “Buy” and an average price target of C$9.50.

The company has a debt-to-equity ratio of 15.90, a quick ratio of 3.57 and a current ratio of 4.38. The firm has a market cap of C$951.76 million and a P/E ratio of -183.67. The company has a 50-day moving average of C$6.74 and a 200 day moving average of C$4.92.

Xebec Adsorption Inc. (XBC.V) (CVE:XBC) last posted its quarterly earnings data on Tuesday, November 10th. The company reported C($0.02) earnings per share for the quarter, missing the consensus estimate of C$0.01 by C($0.03). The company had revenue of C$18.40 million for the quarter, compared to analysts’ expectations of C$23.04 million. Sell-side analysts anticipate that Xebec Adsorption Inc. will post 0.07 EPS for the current fiscal year.

About Xebec Adsorption Inc. (XBC.V) (CVE:XBC)

Xebec Adsorption Inc provides gas generation, purification, and filtration solutions for the industrial, energy, and renewables marketplace in Canada, China, the United States, Europe, and internationally. The company designs, engineers, and manufactures various products that transform raw gases into marketable sources of clean and renewable energy.

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