Xebec Adsorption (TSE:XBC) PT Raised to C$2.50 at Canaccord Genuity Group

Xebec Adsorption (TSE:XBCGet Rating) had its price target increased by Canaccord Genuity Group from C$2.25 to C$2.50 in a research note issued to investors on Thursday, BayStreet.CA reports.

Other analysts have also issued research reports about the company. National Bankshares increased their price objective on Xebec Adsorption from C$3.25 to C$3.75 and gave the company an outperform rating in a report on Wednesday. TD Securities downgraded shares of Xebec Adsorption from a speculative buy rating to a hold rating and cut their price target for the stock from C$3.00 to C$2.75 in a report on Thursday, March 31st. Cormark downgraded shares of Xebec Adsorption from a market perform rating to a reduce rating in a research note on Friday, March 18th. Eight Capital reiterated a neutral rating and set a C$2.75 target price (up previously from C$2.40) on shares of Xebec Adsorption in a research report on Wednesday. Finally, Raymond James raised shares of Xebec Adsorption from a market perform rating to an outperform rating and set a C$3.00 price target for the company in a report on Wednesday, March 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of Hold and an average target price of C$3.73.

XBC stock opened at C$2.40 on Thursday. The company has a market cap of C$371.32 million and a price-to-earnings ratio of -15.69. Xebec Adsorption has a fifty-two week low of C$1.37 and a fifty-two week high of C$5.38. The business’s 50-day moving average is C$1.84 and its two-hundred day moving average is C$2.33. The company has a debt-to-equity ratio of 27.98, a quick ratio of 1.11 and a current ratio of 1.96.

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.

See Also

Analyst Recommendations for Xebec Adsorption (TSE:XBC)

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.