GREY:XEBEQ - Post by User
Comment by
tamaracktopon Mar 31, 2022 9:26am
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Post# 34562440
RE:From Globe and Mail
RE:From Globe and MailOkay. So the concensus is now $2.99.
$2.99 is 75% higher than last Monday's close at $1.70, which is surprising in and of itself.
The analysts are actually being surprisingly aggressive in setting their targets, while at the same time working under the thumb of the firms that employ them, and their firms' constricting target guidlines.
You can bet several of these analyst have higher targets in mind, but nevertheless had to lower them to look more "realistic" in real life, given the punishment the stock has taken.
Notice that National Bank's target was trimmed from $3.50 to $3.25, and is now one of the highest,
if not the highest, on the street?
Do you know why that is?
It's because the National Bank report was the last to come out, and Xebec's "newborn" rally has
made that target look all the more feasible.
The stock was trading higher when the National Bank analyst set his target than it was when the others analysts did.
When Xebec blows through all these targets, the analyst will all oblige us be dutifully raising their targets.
Just like TD did from $6.50 to $12.50 to $17.50 in 3 1/2 months.