Raymond James Reiterates C$5.00 Price Target for Xebec Adsorption (CVE:XBC)
Raymond James set a C$5.00 target price on Xebec Adsorption (CVE:XBC) in a research note published on Tuesday morning, BayStreet.CA reports. The firm currently has a strong-buy rating on the stock.
Other research analysts have also issued research reports about the company. Canaccord Genuity set a C$2.50 price objective on Xebec Adsorption and gave the company a speculative buy rating in a research report on Monday, November 25th. Desjardins restated a buy rating on shares of Xebec Adsorption in a research report on Wednesday, October 23rd. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Xebec Adsorption currently has an average rating of Buy and a consensus price target of C$4.33.
Shares of Xebec Adsorption stock opened at C$3.96 on Tuesday. The firm has a market cap of $318.14 million and a price-to-earnings ratio of 152.31. The business has a 50-day moving average price of C$2.85 and a 200-day moving average price of C$2.06. The company has a quick ratio of 1.98, a current ratio of 2.33 and a debt-to-equity ratio of 38.20. Xebec Adsorption has a twelve month low of C$0.90 and a twelve month high of C$4.23.
In related news, insider Simon David Arnsby sold 28,000 shares of the stock in a transaction dated 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 completion of the transaction, the insider now owns 7,017,000 shares of the company’s stock, valued at approximately C$15,893,505. Also, Director Kurt Sorschak sold 92,300 shares of the stock in a transaction dated Wednesday, November 27th. The shares were 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 directly owns 2,518,896 shares of the company’s stock, valued at approximately C$6,070,539.36.
About Xebec Adsorption
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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