NanoXplore (TSE:GRA) Given New C$3.00 Price Target at National Bankshares

NanoXplore (TSE:GRA) had its price objective cut by analysts at National Bankshares from C$3.50 to C$3.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ target price would suggest a potential upside of 27.66% from the company’s previous close.

Separately, Raymond James downgraded NanoXplore from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from C$4.00 to C$3.00 in a report on Thursday. One analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, NanoXplore has a consensus rating of “Buy” and an average price target of C$3.00.

NanoXplore Trading Down 1.3 %

TSE GRA traded down C$0.03 during trading hours on Thursday, reaching C$2.35. The company’s stock had a trading volume of 298,480 shares, compared to its average volume of 95,201. NanoXplore has a 52 week low of C$1.95 and a 52 week high of C$2.96. The company has a debt-to-equity ratio of 21.81, a current ratio of 2.22 and a quick ratio of 2.01. 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 firm has a fifty day simple moving average of C$2.40 and a 200-day simple moving average of C$2.37.

About NanoXplore

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.