Xebec Adsorption Inc. (OTCMKTS:XEBEF) Given Consensus Recommendation of “Hold” by Analysts

Xebec Adsorption Inc. (OTCMKTS:XEBEFGet Rating) has received a consensus rating of “Hold” from the nine brokerages that are covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $2.78.

Several analysts have recently commented on XEBEF shares. Canaccord Genuity Group lowered their price target on shares of Xebec Adsorption from C$2.50 to C$1.50 in a research report on Sunday, May 15th. TD Securities lowered their price target on shares of Xebec Adsorption from C$2.25 to C$1.40 in a research report on Friday, May 13th. Raymond James lowered shares of Xebec Adsorption from an “outperform” rating to a “market perform” rating in a research report on Thursday, May 12th. Desjardins lowered their price target on shares of Xebec Adsorption from C$4.50 to C$3.00 in a research report on Monday. Finally, BMO Capital Markets lowered shares of Xebec Adsorption from an “outperform” rating to a “market perform” rating in a research report on Friday, May 13th.

Shares of XEBEF stock traded up $0.02 during trading hours on Friday, hitting $0.71. The company’s stock had a trading volume of 83,748 shares, compared to its average volume of 43,216. The business has a fifty day moving average of $1.52 and a 200-day moving average of $1.72. Xebec Adsorption has a twelve month low of $0.61 and a twelve month high of $4.43.

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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Analyst Recommendations for Xebec Adsorption (OTCMKTS:XEBEF)

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