GREY:XEBEQ - Post by User
Post by
tamaracktopon Dec 06, 2021 12:54pm
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Post# 34202652
Proof that analysts are reactive
Proof that analysts are reactiveWhen Xebec was in freefall, which it arguably no longer is, and when it first got down to the mid $3's, all the analyst revised their targets downwards.
They rated Xebec a "hold".
Xebec is now $2.40, and the avearge target of all analysts covering the stock is now $4.51.
Raymong James' analyst has the chesticles to maintain his target at $5.
Incidentally, Raymond James' research is top-rated in the US.
If any of these analysts were proactive, at least some of them would upgrade their opinions to "Buy", now that the stock is in the low $2's.
After all, the return on investment from here to the average target is 84%.
But they don't revise their recommendation, because they're human, and they're as scared of being wrong and sticking their necks out as anyone.
They'll just wait till Xebec is comfortably above $4 till they revise their targets once again.
You'll see.
Somebody asked if there were any predictions for today.
I don't have one, but I predict Xebec shareholders will feel a whole lot better and be much happier within a few short weeks.
1.2 times book is ridiculous.
I challenge anyone here to find a stock trading below book value.