NanoXplore (TSE:GRA) Price Target Lowered to C$3.00 at Royal Bank of Canada

NanoXplore (TSE:GRA) had its price target dropped by equities researchers at Royal Bank of Canada from C$3.25 to C$3.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective suggests a potential upside of 27.66% from the company’s current price.

GRA has been the topic of several other research reports. Raymond James lowered NanoXplore from an “outperform” rating to a “market perform” rating and cut their target price for the company from C$4.00 to C$3.00 in a research report on Thursday. National Bankshares reduced their price target on shares of NanoXplore from C$3.50 to C$3.00 and set an “outperform” rating for the company in a report on Thursday. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, NanoXplore presently has an average rating of “Buy” and an average price target of C$3.00.

NanoXplore Trading Down 1.3 %

GRA traded down C$0.03 during trading on Thursday, reaching C$2.35. 298,480 shares of the company’s stock were exchanged, compared to its average volume of 95,201. The stock has a market capitalization of C$402.63 million, a PE ratio of -36.19 and a beta of 1.26. NanoXplore has a one year low of C$1.95 and a one year high of C$2.96. The firm has a fifty day moving average price of C$2.40 and a two-hundred day moving average price of C$2.37. The company has a current ratio of 2.22, a quick ratio of 2.01 and a debt-to-equity ratio of 21.81.

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.