Xebec Adsorption Inc. (OTCMKTS:XEBEF) Receives $2.78 Average Price Target from Analysts

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

XEBEF has been the subject of a number of analyst reports. BMO Capital Markets lowered Xebec Adsorption from an “outperform” rating to a “market perform” rating in a research note on Friday, May 13th. Canaccord Genuity Group cut their price objective on Xebec Adsorption from C$2.50 to C$1.50 in a research report on Sunday, May 15th. Raymond James lowered Xebec Adsorption from an “outperform” rating to a “market perform” rating in a research report on Thursday, May 12th. TD Securities cut their price objective on Xebec Adsorption from C$2.25 to C$1.40 in a research report on Friday, May 13th. Finally, Desjardins cut their price objective on Xebec Adsorption from C$4.50 to C$3.00 in a research report on Monday, May 16th.

Xebec Adsorption Trading Down 2.1 %

Shares of XEBEF stock opened at $0.60 on Wednesday. Xebec Adsorption has a 52-week low of $0.55 and a 52-week high of $3.22. The stock has a fifty day simple moving average of $0.65 and a two-hundred day simple moving average of $1.15.

Xebec Adsorption Company Profile

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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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