Neo Performance Materials (TSE:NEO – Get Rating) had its price target cut by Raymond James from C$25.00 to C$23.00 in a research report sent to investors on Monday, BayStreet.CA reports. They currently have an outperform rating on the stock.
A number of other research firms have also weighed in on NEO. Stifel Nicolaus dropped their price target on shares of Neo Performance Materials from C$19.75 to C$17.00 in a research report on Monday. Scotiabank dropped their price target on shares of Neo Performance Materials from C$22.00 to C$21.00 in a research report on Monday, August 29th.
Neo Performance Materials Stock Performance
Shares of TSE NEO opened at C$12.41 on Monday. The firm has a 50 day moving average of C$13.55 and a 200 day moving average of C$13.65. The company has a current ratio of 3.67, a quick ratio of 1.44 and a debt-to-equity ratio of 4.18. The firm has a market capitalization of C$504.86 million and a price-to-earnings ratio of 7.43. Neo Performance Materials has a 12-month low of C$10.48 and a 12-month high of C$22.85.
Neo Performance Materials Dividend Announcement
Insider Transactions at Neo Performance Materials
In related news, Senior Officer Rahim Suleman bought 9,200 shares of the stock in a transaction dated Thursday, June 23rd. The shares were purchased at an average price of C$11.25 per share, with a total value of C$103,500.00. Following the completion of the acquisition, the insider now owns 122,256 shares of the company’s stock, valued at C$1,375,380.
Neo Performance Materials Company Profile
Neo Performance Materials Inc manufactures and sells rare earth, magnetic powders, magnets, and rare metal-based functional materials in Canada and internationally. The company operates in three segments: Magnequench, Chemicals and Oxides, and Rare Metals. The Magnequench segment produces magnetic powders that are used in bonded and hot deformed fully dense neodymium-iron-boron magnets.
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