Xebec Adsorption Inc. (OTCMKTS:XEBEF) Receives Average Rating of “Hold” from Analysts

Shares of Xebec Adsorption Inc. (OTCMKTS:XEBEFGet Rating) have received a consensus recommendation of “Hold” from the nine ratings firms that are presently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $2.78.

A number of research analysts have weighed in on XEBEF shares. Canaccord Genuity Group decreased their price objective on shares of Xebec Adsorption from C$2.50 to C$1.50 in a research report on Sunday, May 15th. BMO Capital Markets downgraded shares of Xebec Adsorption from an “outperform” rating to a “market perform” rating in a research report on Friday, May 13th. Desjardins reduced their price target on shares of Xebec Adsorption from C$4.50 to C$3.00 in a research report on Monday, May 16th. TD Securities dropped their price objective on shares of Xebec Adsorption from C$2.25 to C$1.40 in a research note on Friday, May 13th. Finally, Scotiabank initiated coverage on shares of Xebec Adsorption in a research note on Monday, April 4th. They set a “sector perform” rating for the company.

OTCMKTS XEBEF traded down $0.07 on Friday, hitting $0.70. The stock had a trading volume of 48,230 shares, compared to its average volume of 44,659. Xebec Adsorption has a 52-week low of $0.61 and a 52-week high of $4.26. The business’s fifty day moving average price is $1.45 and its 200 day moving average price is $1.63.

Xebec Adsorption Company Profile (Get Rating)

Xebec Adsorption Inc designs, manufactures, and sells purification, separation, dehydration, and filtration equipment for gases and compressed air in Canada, the United States, China, Korea, Italy, France, and internationally. It operates through Systems and Support segments. The company offers on-site air dehydration under the ADX Solutions brand; biogas to renewable natural gas systems under the BGX Solutions brand; hydrogen purification systems under the H2X Solutions brand; natural gas dehydration units for refueling stations under the NGX Solutions brand; and products for the filtration and separation of air and gases under FSX Solutions brand.

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Analyst Recommendations for Xebec Adsorption (OTCMKTS:XEBEF)

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