Canaccord Genuity Group Upgrades Xtract One Tech (TSE:XTR) to “Moderate Buy”

Xtract One Tech (TSE:XTRGet Free Report) was upgraded by investment analysts at Canaccord Genuity Group to a “moderate buy” rating in a report released on Monday,Zacks.com reports.

Xtract One Tech Stock Up 0.3%

XTR opened at C$12.45 on Monday. The business’s 50 day moving average is C$12.23 and its 200-day moving average is C$12.03. Xtract One Tech has a twelve month low of C$11.32 and a twelve month high of C$12.46.

About Xtract One Tech

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The investment objective of the Fund is to provide a consistent monthly cash distribution, with the potential for modest long-term capital growth, by investing primarily in exchange-traded funds listed on a recognized Canadian Stock Exchange and managed by BlackRock Canada or an affiliate (Canadian iShares Fund) that provide exposure to a diversified portfolio of income-bearing investments. Exposure to these types of income-bearing investments may also be obtained by investing directly in them and/or through the use of derivatives.

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