Fundamental Research Reiterates C$2.56 Price Target for NEXE Innovations (CVE:NEXE)

NEXE Innovations (CVE:NEXE) has been given a C$2.56 price target by stock analysts at Fundamental Research in a note issued to investors on Tuesday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Fundamental Research’s price objective suggests a potential upside of 93.94% from the company’s previous close.

The analysts wrote, “Fundamental Research Corp has issued a report entitled “NEXE Innovations Inc. (TSXV: NEXE / OTC: NEXNF / FWB: NX5) Eco Friendly Packaging Company Targeting the $466B Coffee Market – Initiating Coverage” and dated May 4, 2021. The full report is now at www.researchfrc.com.”

Shares of CVE NEXE opened at C$1.32 on Tuesday. NEXE Innovations has a fifty-two week low of C$1.20 and a fifty-two week high of C$5.90. The stock’s 50-day simple moving average is C$1.84.

NEXE Innovations Company Profile

NEXE Innovations Inc, a material company, designs, develops, manufactures, and sells plant-based single-serve coffee pods. The company was founded in 2015 and is headquartered in Vancouver, Canada.

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