GREY:XEBEQ - Post by User
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ZouZS3on May 29, 2021 3:24pm
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Globe says Xebec rated "outperform" in new coverage
Globe says Xebec rated "outperform" in new coverage
The Globe and Mail reports in its Friday, May 21, edition that BMO Nesbitt Burns analyst John Gibson commenced coverage of Xebec Adsorption ($5.01) with an "outperform" rating. The Globe's David Leeder writes in the Eye On Equities column that Mr. Gibson set a share target of $5.60. Analysts on average target the shares at $5.50. Mr. Gibson says in a note: "Xebec is a global provider of renewable natural gas (RNG) and hydrogen systems, which we expect should experience significant industry growth over the next several decades. The company will need to execute better on its current order book and its growth program, however, and this causes us to rate the shares as 'outperform (speculative).'" The Globe reported on Jan. 5 that Desjardins Securities analyst Frederic Tremblay had maintained his "buy" ranking on Xebec. He said Xebec was at a "pivotal moment." The shares were then worth $9.54. The Globe reported on March 16 that Canaccord analyst Yuri Lynk had cut Xebec to "hold" from "speculative buy." It was then worth $4.84. The Globe reported on March 29 that Mr. Tremblay was sticking with his "buy" recommendation. He called Xebec a "show me" story. Xebec shares could then be had for $4.21. https://www.stockwatch.com/News/Item/Z-C!XBC-3086374/C/XBC