NanoXplore (TSE:GRA) Price Target Raised to C$2.00

NanoXplore (TSE:GRA) had its target price raised by equities research analysts at Royal Bank Of Canada from C$1.75 to C$2.00 in a report released on Wednesday, BayStreet reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank Of Canada‘s price objective would suggest a potential upside of 33.33% from the stock’s previous close.

Separately, National Bank Financial lowered their price target on NanoXplore from C$2.80 to C$2.20 and set a “sector perform” rating on the stock in a report on Thursday, September 17th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, NanoXplore currently has a consensus rating of “Hold” and an average target price of C$2.73.

NanoXplore Price Performance

Shares of GRA stock traded up C$0.20 during midday trading on Wednesday, reaching C$1.50. 116,217 shares of the company traded hands, compared to its average volume of 175,322. The firm’s 50 day simple moving average is C$1.39 and its two-hundred day simple moving average is C$1.79. NanoXplore has a 1-year low of C$1.06 and a 1-year high of C$2.86. The company has a debt-to-equity ratio of 42.69, a current ratio of 2.58 and a quick ratio of 2.01. The firm has a market cap of C$272.23 million, a PE ratio of -21.43 and a beta of -0.47.

About NanoXplore

NanoXplore is a graphene company and the largest manufacturer and supplier of high-volume graphene powder for use in multiple end markets with up to 5,000 tonnes of annual production capacity. The Corporation also provides standard and custom graphene-enhanced plastic and composite products to customers in the recreational vehicle, transportation, packaging, electronics, and other industrial sectors, and manufactures silicon-graphene-enhanced Li-ion batteries for the energy storage, industrial, and defense markets.