NanoXplore (TSE:GRA) Given New C$2.20 Price Target at National Bank Financial

NanoXplore (TSE:GRA) had its target price cut by research analysts at National Bank Financial from C$2.80 to C$2.20 in a research note issued on Thursday, BayStreet reports. The brokerage presently has a “sector perform” rating on the stock. National Bank Financial’s target price points to a potential upside of 40.13% from the company’s previous close.

Separately, Royal Bank Of Canada reduced their price objective on shares of NanoXplore from C$2.50 to C$1.75 and set a “sector perform” rating for the company in a research note on Wednesday. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, NanoXplore has an average rating of “Hold” and an average target price of C$2.65.

NanoXplore Stock Up 4.0%

Shares of GRA traded up C$0.06 during mid-day trading on Thursday, hitting C$1.57. The company’s stock had a trading volume of 149,534 shares, compared to its average volume of 185,829. The company’s 50-day moving average is C$1.55 and its 200-day moving average is C$1.81. NanoXplore has a 52-week low of C$1.37 and a 52-week high of C$3.12. The firm has a market capitalization of C$284.93 million, a price-to-earnings ratio of -19.62 and a beta of -0.03. The company has a current ratio of 2.87, a quick ratio of 2.01 and a debt-to-equity ratio of 40.07.

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.