AirBoss of America (TSE:BOS) Given a C$11.50 Price Target at Cormark

AirBoss of America (TSE:BOS) has been given a C$11.50 price objective by research analysts at Cormark in a research report issued on Thursday, BayStreet.CA reports. Cormark’s target price suggests a potential upside of 35.77% from the company’s previous close.

Several other brokerages also recently weighed in on BOS. CIBC boosted their target price on shares of AirBoss of America from C$11.00 to C$12.00 in a research note on Monday, May 13th. TD Securities boosted their target price on shares of AirBoss of America from C$12.00 to C$13.00 and gave the company a “buy” rating in a research note on Friday, May 10th.

BOS stock traded down C$0.08 during trading on Thursday, hitting C$8.47. The stock had a trading volume of 1,700 shares, compared to its average volume of 12,259. The company has a 50 day moving average price of C$8.64. AirBoss of America has a 1-year low of C$7.55 and a 1-year high of C$13.31. The company has a market capitalization of $197.20 million and a PE ratio of 24.20. The company has a debt-to-equity ratio of 57.68, a quick ratio of 1.60 and a current ratio of 2.57.

In related news, Senior Officer Christos Bitsakakis acquired 11,000 shares of the company’s stock in a transaction dated Friday, June 28th. The stock was bought at an average price of C$8.39 per share, with a total value of C$92,293.30. Following the purchase, the insider now directly owns 50,300 shares in the company, valued at approximately C$422,032.09. Also, Director Peter Grenville Schoch acquired 4,900 shares of the company’s stock in a transaction dated Friday, June 28th. The shares were bought at an average cost of C$8.16 per share, with a total value of C$39,984.00. Following the purchase, the director now owns 4,714,447 shares in the company, valued at C$38,469,887.52.

AirBoss of America Company Profile

AirBoss of America Corp., through its subsidiaries, develops, manufactures, and sells rubber-based products to the resource, military, automotive, and industrial markets primarily in Canada and the United States. The company operates through Rubber Solutions and Engineered Products segments. The Rubber Solutions segment is involved in the custom rubber compounding and supplying mixed rubber for use in mining, transportation, industrial rubber, military, automotive, conveyor belting, oil and gas, and other products; and distributes chemicals.

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