Xebec Adsorption (OTCMKTS:XEBEF) PT Raised to C$3.50

Xebec Adsorption (OTCMKTS:XEBEF – Get Rating) had its price target increased by Raymond James from C$3.00 to C$3.50 in a report published on Thursday, The Fly reports.

A number of other research analysts have also weighed in on XEBEF. Canaccord Genuity Group lowered shares of Xebec Adsorption from a buy rating to a hold rating and reduced their price objective for the company from C$5.00 to C$2.25 in a research note on Friday, March 18th. Scotiabank assumed coverage on shares of Xebec Adsorption in a report on Monday, April 4th. They issued a sector perform rating for the company. National Bank Financial raised shares of Xebec Adsorption from a sector perform rating to an outperform rating in a report on Thursday, March 31st. Finally, TD Securities downgraded shares of Xebec Adsorption from a buy rating to a hold rating in a report on Thursday, March 31st. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of Buy and an average price target of $4.00.

Xebec Adsorption stock opened at $1.92 on Thursday. Xebec Adsorption has a 1-year low of $1.07 and a 1-year high of $4.43. The firm has a 50 day simple moving average of $1.46 and a 200 day simple moving average of $1.85.

Xebec Adsorption Company Profile (Get Rating)

Xebec Adsorption, Inc engages in the design and manufacture of environmentally responsible purification, separation, dehydration, and filtration equipment for gases and compressed air. It operates through the following segments: Systems, Service, and Infrastructure. The System segment provides renewable natural gas, hydrogen, and renewable hydrogen for a variety of applications, from fuel cells to fossil fuel replacement applications for low carbon transportation fuels.

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