Raymond James set a C$5.00 price objective on Xebec Adsorption (CVE:XBC) in a research note released on Tuesday morning, BayStreet.CA reports. The brokerage currently has a strong-buy rating on the stock.

Other analysts have also recently issued research reports about the stock. Desjardins reissued a buy rating on shares of Xebec Adsorption in a research note on Wednesday, October 23rd. Canaccord Genuity set a C$2.50 price target on shares of Xebec Adsorption and gave the company a speculative buy rating in a research note on Monday, November 25th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Xebec Adsorption has a consensus rating of Buy and an average target price of C$4.33.

Xebec Adsorption stock opened at C$3.96 on Tuesday. The firm has a 50 day simple moving average of C$2.85 and a 200-day simple moving average of C$2.06. Xebec Adsorption has a 1-year low of C$0.90 and a 1-year high of C$4.23. The company has a debt-to-equity ratio of 38.20, a current ratio of 2.33 and a quick ratio of 1.98. The stock has a market cap of $318.14 million and a price-to-earnings ratio of 152.31.

Xebec Adsorption (CVE:XBC) last posted its quarterly earnings results on Tuesday, November 12th. The company reported C$0.01 earnings per share for the quarter, meeting the consensus estimate of C$0.01. The firm had revenue of C$13.15 million during the quarter, compared to analysts’ expectations of C$12.43 million. Equities analysts expect that Xebec Adsorption will post 0.1 earnings per share for the current fiscal year.

In other news, insider Simon David Arnsby sold 28,000 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of C$2.27, for a total value of C$63,420.00. Following the transaction, the insider now directly owns 7,017,000 shares in the company, valued at approximately C$15,893,505. Also, Director Kurt Sorschak sold 92,300 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of C$2.41, for a total transaction of C$222,443.00. Following the completion of the transaction, the director now owns 2,518,896 shares in the company, valued at C$6,070,539.36.

Xebec Adsorption Company Profile

Xebec Adsorption Inc provides gas purification, generation, and filtration solutions for the natural gas, field gas, biogas/renewable natural gas, helium, hydrogen, nitrogen, and oxygen markets. It operates through three segments: Clean Technology, Industrial Compressed Air and Gas Treatment, and Oil and Gas.

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Analyst Recommendations for Xebec Adsorption (CVE:XBC)

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