Xebec Adsorption (TSE:XBC) Price Target Increased to C$3.50 by Analysts at Raymond James

Xebec Adsorption (TSE:XBCGet Rating) had its price target increased by Raymond James from C$3.00 to C$3.50 in a report published on Thursday, BayStreet.CA reports. Raymond James currently has an outperform rating on the stock. Raymond James also issued estimates for Xebec Adsorption’s FY2023 earnings at $0.04 EPS.

A number of other equities research analysts also recently commented on the company. Scotiabank started coverage on Xebec Adsorption in a report on Monday, April 4th. They issued a hold rating and a C$3.00 price objective for the company. Canaccord Genuity Group lifted their target price on Xebec Adsorption from C$2.25 to C$2.50 in a report on Thursday. TD Securities downgraded Xebec Adsorption from a speculative buy rating to a hold rating and decreased their price objective for the company from C$3.00 to C$2.75 in a report on Thursday, March 31st. National Bank Financial raised Xebec Adsorption from a sector perform spec overwgt rating to an outperform spec overweight rating in a research report on Wednesday, March 30th. Finally, National Bankshares boosted their target price on shares of Xebec Adsorption from C$3.25 to C$3.75 and gave the company an outperform rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of Hold and an average price target of C$3.73.

Shares of TSE:XBC opened at C$2.40 on Thursday. The firm has a market capitalization of C$371.32 million and a P/E ratio of -15.69. Xebec Adsorption has a 12-month low of C$1.37 and a 12-month high of C$5.38. The firm has a fifty day moving average of C$1.84 and a two-hundred day moving average of C$2.33. The company has a quick ratio of 1.11, a current ratio of 1.96 and a debt-to-equity ratio of 27.98.

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.

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