Pure Technologies Ltd. (PUR) PT Raised to C$6.50 at National Bank Financial
Pure Technologies Ltd. (TSE:PUR) had its price target raised by stock analysts at National Bank Financial from C$6.00 to C$6.50 in a research note issued on Friday. The firm currently has an “outperform” rating on the stock. National Bank Financial’s price target points to a potential upside of 24.76% from the company’s current price.
Pure Technologies (TSE:PUR) traded down 0.58% during trading on Friday, reaching $5.18. 41,302 shares of the company’s stock were exchanged. Pure Technologies has a 52 week low of $3.90 and a 52 week high of $6.27. The company’s 50 day moving average price is $5.03 and its 200-day moving average price is $4.89. The stock has a market capitalization of $283.31 million and a price-to-earnings ratio of 65.57.
About Pure Technologies
Pure Technologies Ltd. engages in the development and application of technologies for the inspection, monitoring, and management of physical infrastructure worldwide. It operates through two divisions, Water; and Oil and Gas. The company offers Assess & Address, a pipeline management technology; PureEM, an electromagnetic inspection technology, which provides assessment data for large-diameter metallic and concrete pressure pipelines; PureMFL, a method of non-destructive testing that is used to detect corrosion and pitting in metallic pipelines; PipeDiver, a platform for water and wastewater pipelines that operates while a main remains in service; SmartBall technology for managing infrastructure, including leak and air pocket detection for water and wastewater pipelines, as well as for verification of containment surveys for oil and gas pipelines; and Sahara, a technology for water and wastewater pipelines, including leak and air pocket detection, inline CCTV, and pipeline pre-commissioning.
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