National Bank Financial Cuts NanoXplore (TSE:GRA) Price Target to C$2.20

NanoXplore (TSE:GRA) had its target price cut by National Bank Financial from C$2.80 to C$2.20 in a research report sent to investors on Thursday,BayStreet reports. They currently have a sector perform rating on the stock.

Separately, Royal Bank Of Canada reduced their target price on shares of NanoXplore from C$2.50 to C$1.75 and set a “sector perform” rating on the stock in a report on Wednesday. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of C$2.65.

NanoXplore Price Performance

GRA stock opened at C$1.70 on Thursday. The business’s 50-day moving average is C$1.56 and its two-hundred day moving average is C$1.80. 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 capitalization of C$308.53 million, a P/E ratio of -24.29 and a beta of -0.03. NanoXplore has a 1 year low of C$1.37 and a 1 year high of C$3.12.

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.