Raymond James Reiterates C$5.00 Price Target for Xebec Adsorption (CVE:XBC)
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.
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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