National Bank Financial Has Lowered Expectations for NanoXplore (TSE:GRA) Stock Price

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

Separately, Royal Bank Of Canada decreased 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 report on Wednesday. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, NanoXplore presently has an average rating of “Hold” and a consensus price target of C$2.65.

NanoXplore Trading Up 4.0%

Shares of TSE:GRA traded up C$0.06 on Thursday, hitting C$1.57. 149,534 shares of the company’s stock were exchanged, compared to its average volume of 185,829. NanoXplore has a 12 month low of C$1.37 and a 12 month high of C$3.12. The stock has a market capitalization of C$284.93 million, a price-to-earnings ratio of -19.62 and a beta of -0.03. The business’s 50 day simple moving average is C$1.55 and its two-hundred day simple moving average is C$1.81. The company has a debt-to-equity ratio of 40.07, a current ratio of 2.87 and a quick ratio of 2.01.

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.