NanoXplore (TSE:GRA) Given New C$2.00 Price Target at Royal Bank Of Canada

NanoXplore (TSE:GRA) had its price target raised by stock analysts at Royal Bank Of Canada from C$1.75 to C$2.00 in a research report issued on Wednesday, BayStreet reports. The firm currently has a “sector perform” rating on the stock. Royal Bank Of Canada‘s target price would suggest a potential upside of 33.33% from the stock’s previous close.

Separately, National Bank Financial dropped their target price on NanoXplore from C$2.80 to C$2.20 and set a “sector perform” rating on the stock in a research report on Thursday, September 17th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, NanoXplore currently has a consensus rating of “Hold” and an average target price of C$2.73.

NanoXplore Stock Performance

Shares of NanoXplore stock traded up C$0.20 on Wednesday, reaching C$1.50. 116,217 shares of the stock were exchanged, compared to its average volume of 175,322. NanoXplore has a 1-year low of C$1.06 and a 1-year high of C$2.86. The company has a current ratio of 2.58, a quick ratio of 2.01 and a debt-to-equity ratio of 42.69. The business has a fifty day moving average price of C$1.39 and a two-hundred day moving average price of C$1.79. The firm has a market capitalization of C$272.23 million, a PE ratio of -21.43 and a beta of -0.47.

About NanoXplore

NanoXplore is a graphene company and the largest manufacturer and supplier of high-volume graphene powder for use in multiple end markets with up to 5,000 tonnes of annual production capacity. The Corporation also provides standard and custom graphene-enhanced plastic and composite products to customers in the recreational vehicle, transportation, packaging, electronics, and other industrial sectors, and manufactures silicon-graphene-enhanced Li-ion batteries for the energy storage, industrial, and defense markets.