AirBoss of America (TSE:BOS – Get Rating) had its target price cut by stock analysts at Canaccord Genuity Group from C$51.00 to C$35.50 in a report released on Friday, BayStreet.CA reports. Canaccord Genuity Group’s price objective points to a potential upside of 78.93% from the stock’s previous close.
A number of other analysts also recently commented on the company. CIBC decreased their target price on AirBoss of America from C$55.00 to C$37.00 and set an “outperform” rating on the stock in a research report on Friday. Cormark decreased their target price on AirBoss of America from C$54.00 to C$51.00 in a research report on Thursday, March 10th. TD Securities reduced their price objective on AirBoss of America from C$51.00 to C$40.00 and set a “buy” rating on the stock in a research report on Friday. Finally, Pi Financial reduced their price objective on AirBoss of America from C$58.00 to C$49.00 and set a “buy” rating on the stock in a research report on Tuesday, May 10th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of C$44.08.
TSE:BOS opened at C$19.84 on Friday. The stock’s 50 day simple moving average is C$31.84 and its 200-day simple moving average is C$36.62. AirBoss of America has a 12-month low of C$17.75 and a 12-month high of C$47.00. The firm has a market cap of C$535.55 million and a P/E ratio of 9.23. The company has a current ratio of 2.11, a quick ratio of 0.88 and a debt-to-equity ratio of 34.26.
In other AirBoss of America news, Director Peter Grenville Schoch bought 5,000 shares of AirBoss of America stock in a transaction that occurred on Thursday, March 10th. The shares were purchased at an average cost of C$32.10 per share, for a total transaction of C$160,500.00. Following the completion of the transaction, the director now owns 4,799,077 shares of the company’s stock, valued at approximately C$154,050,371.70.
About AirBoss of America (Get Rating)
AirBoss of America Corp., together with its subsidiaries, develops, manufactures, and markets rubber-based products for automotive, heavy commercial, construction and infrastructure, oil and gas, and defense industries in Canada, the United States, and internationally. It operates through three segments: AirBoss Defense Group, Rubber Solutions, and Engineered Products.
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