GREY:XEBEQ - Post by User
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RandomMakeron Aug 16, 2021 9:31am
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Globe says Quezada sees "much to like" at Xebec
Globe says Quezada sees "much to like" at Xebec
Globe says Quezada sees "much to like" at Xebec
2021-08-16 08:51 ET - In the News
The Globe and Mail reports in its Saturday edition that Raymond James analyst David Quezada lowered Xebec Adsorption ($3.19) to "market perform" from "outperform." The Globe's David Leeder writes that also reduced his share targe to $5 target, from $6. Analysts on average target the shares at $5.23. Mr. Quezada says in a note: "We see much to like in Xebec including : 1) Strong early uptake for the BioStream RNG unit; 2) solid performance in the company's hydrogen, oxygen and services segments: and 3) a relatively attractive valuation vs. industrial gas and clean tech peers. That said, we are moving to a Market Perform rating until the legacy RNG contracts that have hampered results in recent quarters are firmly in the rearview and we see progress on the company's ongoing BioStream production ramp up." 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 May 21 that BMO analyst John Gibson had commenced coverage of Xebec with an "outperform" rating. The shares could then be had for $5.01. The Globe reported on June 16 that Mr. Lynk continued to rate Xebec "hold." The shares could then be had for $4.16.