Shares of Xebec Adsorption Inc. (OTCMKTS:XEBEF – Get Rating) have earned an average rating of "Hold" from the eight ratings firms that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $1.71.

Several equities research analysts have commented on XEBEF shares. Canaccord Genuity Group dropped their price objective on shares of Xebec Adsorption from C$1.50 to C$0.80 and set a "hold" rating on the stock in a report on Thursday, August 18th. BMO Capital Markets decreased their price target on Xebec Adsorption from C$1.75 to C$0.85 in a research report on Friday, August 12th. Desjardins decreased their price target on Xebec Adsorption from C$3.00 to C$1.20 in a research report on Monday, August 15th. National Bank Financial decreased their price target on Xebec Adsorption from C$2.00 to C$1.75 in a research report on Friday, August 12th. Finally, Raymond James decreased their price target on Xebec Adsorption from C$2.00 to C$1.50 in a research report on Friday, August 12th.

Xebec Adsorption Stock Down 3.8 %

OTCMKTS XEBEF opened at $0.40 on Thursday. Xebec Adsorption has a 52 week low of $0.40 and a 52 week high of $3.22. The firm's 50-day simple moving average is $0.57 and its two-hundred day simple moving average is $0.95.

About Xebec Adsorption

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.

Further Reading

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