National Bankshares Downgrades NanoXplore (TSE:GRA) to Sector Perform

NanoXplore (TSE:GRA) was downgraded by National Bankshares from an “outperform” rating to a “sector perform” rating in a note issued to investors on Thursday,BayStreet.CA reports. They presently have a C$2.80 price target on the stock, down from their prior price target of C$3.00. National Bankshares’ price target indicates a potential upside of 21.21% from the company’s previous close.

A number of other research firms also recently issued reports on GRA. Raymond James downgraded shares of NanoXplore from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from C$4.00 to C$3.00 in a research note on Thursday, February 13th. National Bank Financial cut NanoXplore from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 15th. Finally, Royal Bank of Canada downgraded shares of NanoXplore from an “outperform” rating to a “sector perform” rating and cut their target price for the stock from C$3.00 to C$2.50 in a research report on Wednesday. Four investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, NanoXplore has a consensus rating of “Hold” and a consensus target price of C$2.77.

NanoXplore Stock Up 0.4%

Shares of TSE GRA opened at C$2.31 on Thursday. The business has a 50-day moving average of C$2.40 and a 200-day moving average of C$2.39. NanoXplore has a 12 month low of C$2.03 and a 12 month high of C$2.89. The company has a current ratio of 2.22, a quick ratio of 2.01 and a debt-to-equity ratio of 21.81. The firm has a market capitalization of C$395.78 million, a price-to-earnings ratio of -35.58 and a beta of 1.26.

About NanoXplore

NanoXplore Inc is a graphene company, manufacturer, and supplier of high-volume graphene powder for use in industrial markets. The company provides graphene-enhanced plastic and composite products to various customers in transportation, packaging, electronics, and other industrial sectors. Geographically, it generates a majority of revenue from the United States.