Xebec Adsorption (TSE:XBC) PT Lowered to C$1.40 at TD Securities

Xebec Adsorption (TSE:XBCGet Rating) had its target price trimmed by TD Securities from C$2.25 to C$1.40 in a research report report published on Friday morning, BayStreet.CA reports. The firm currently has a hold rating on the stock.

XBC has been the subject of a number of other reports. Eight Capital cut their target price on Xebec Adsorption from C$2.75 to C$2.00 and set a neutral rating for the company in a research report on Friday. Canaccord Genuity Group upped their target price on Xebec Adsorption from C$2.25 to C$2.50 in a research report on Thursday, April 14th. Raymond James boosted their price target on Xebec Adsorption from C$3.00 to C$3.50 and gave the stock an outperform rating in a report on Thursday, April 14th. Scotiabank began coverage on Xebec Adsorption in a report on Monday, April 4th. They set a hold rating and a C$3.00 price target for the company. Finally, Cormark cut Xebec Adsorption from a market perform rating to a reduce rating in a report on Friday, March 18th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of Hold and a consensus price target of C$2.92.

Shares of TSE:XBC traded down C$0.32 during trading on Friday, reaching C$0.99. 5,215,196 shares of the company traded hands, compared to its average volume of 719,798. The company’s 50 day moving average is C$2.02 and its two-hundred day moving average is C$2.24. The firm has a market capitalization of C$153.17 million and a PE ratio of -6.47. The company has a quick ratio of 1.11, a current ratio of 1.96 and a debt-to-equity ratio of 27.98. Xebec Adsorption has a 52 week low of C$0.96 and a 52 week high of C$5.38.

Xebec Adsorption Company Profile (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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Analyst Recommendations for Xebec Adsorption (TSE:XBC)

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