Xebec Adsorption Inc. (OTCMKTS:XEBEF – Get Rating) has received an average recommendation of "Hold" from the eight ratings firms that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $1.71.

A number of brokerages have issued reports on XEBEF. Canaccord Genuity Group decreased their target price on shares of Xebec Adsorption from C$1.50 to C$0.80 and set a "hold" rating for the company in a research note on Thursday, August 18th. Raymond James cut their price target on shares of Xebec Adsorption from C$2.00 to C$1.50 in a report on Friday, August 12th. BMO Capital Markets cut their price target on shares of Xebec Adsorption from C$1.75 to C$0.85 in a report on Friday, August 12th. National Bank Financial cut their price target on shares of Xebec Adsorption from C$2.00 to C$1.75 in a report on Friday, August 12th. Finally, Desjardins cut their price target on shares of Xebec Adsorption from C$3.00 to C$1.20 in a report on Monday, August 15th.

Xebec Adsorption Price Performance

Xebec Adsorption stock opened at $0.70 on Friday. The company has a 50 day moving average price of $0.62 and a 200 day moving average price of $1.04. Xebec Adsorption has a 52 week low of $0.45 and a 52 week high of $3.22.

Xebec Adsorption Company Profile

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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