Xebec Adsorption Inc. (XBC.V) (CVE:XBC) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of Xebec Adsorption Inc. (XBC.V) (CVE:XBC) have earned a consensus rating of “Hold” from the ten ratings firms that are covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is C$5.31.

Several research analysts have recently issued reports on XBC shares. Eight Capital decreased their target price on Xebec Adsorption Inc. (XBC.V) from C$5.00 to C$4.50 in a research report on Friday, August 13th. TD Securities downgraded shares of Xebec Adsorption Inc. (XBC.V) from a “speculative buy” rating to a “hold” rating and reduced their target price for the stock from C$6.00 to C$3.50 in a research report on Friday, August 13th. Cormark lifted their price target on shares of Xebec Adsorption Inc. (XBC.V) from C$5.20 to C$5.50 in a research report on Thursday, July 8th. Raymond James cut shares of Xebec Adsorption Inc. (XBC.V) from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from C$6.00 to C$5.00 in a report on Friday, August 13th. Finally, National Bankshares lowered their target price on shares of Xebec Adsorption Inc. (XBC.V) from C$5.00 to C$4.50 and set a “sector perform” rating for the company in a report on Friday, August 13th.

XBC stock traded up C$0.44 during midday trading on Friday, reaching C$9.98. The company had a trading volume of 1,135,654 shares, compared to its average volume of 1,107,002. The company has a market capitalization of C$1.52 billion and a P/E ratio of -203.67. The company has a debt-to-equity ratio of 15.90, a current ratio of 4.38 and a quick ratio of 3.57. Xebec Adsorption Inc. has a 1 year low of C$1.74 and a 1 year high of C$10.47. The firm has a 50-day moving average price of C$9.98 and a 200-day moving average price of C$9.98.

Xebec Adsorption Inc. (XBC.V) Company Profile

Xebec Adsorption Inc provides gas generation, purification, and filtration solutions for the industrial, energy, and renewables marketplace in Canada, China, the United States, Europe, and internationally. The company designs, engineers, and manufactures various products that transform raw gases into marketable sources of clean and renewable energy.

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Analyst Recommendations for Xebec Adsorption Inc. (XBC.V) (CVE:XBC)

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