NanoXplore (TSE:GRA) Price Target Cut to C$3.00 by Analysts at Royal Bank of Canada

NanoXplore (TSE:GRA) had its price target decreased by research analysts at Royal Bank of Canada from C$3.25 to C$3.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s target price suggests a potential upside of 27.66% from the stock’s current price.

Other analysts have also recently issued reports about the company. Raymond James cut NanoXplore from an “outperform” rating to a “market perform” rating and lowered their price target for the company from C$4.00 to C$3.00 in a research report on Thursday. National Bankshares cut their price target on shares of NanoXplore from C$3.50 to C$3.00 and set an “outperform” rating on the stock in a research report on Thursday. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of C$3.00.

NanoXplore Stock Performance

Shares of GRA traded down C$0.03 during trading hours on Thursday, reaching C$2.35. 298,480 shares of the company traded hands, compared to its average volume of 95,201. NanoXplore has a 1-year low of C$1.95 and a 1-year high of C$2.96. The stock has a market cap of C$402.63 million, a P/E ratio of -36.19 and a beta of 1.26. The stock’s fifty day moving average is C$2.40 and its 200 day moving average is C$2.37. The company has a debt-to-equity ratio of 21.81, a quick ratio of 2.01 and a current ratio of 2.22.

NanoXplore Company Profile

NanoXplore Inc is a graphene company, manufacturer, and supplier of high-volume graphene powder for use in industrial markets. The company provides graphene-enhanced plastic and composite products to various customers in transportation, packaging, electronics, and other industrial sectors. Geographically, it generates a majority of revenue from the United States.