H.C. Wainwright Believes Xebec Adsorption (TSXV: XBC) Still Has Room to Grow

By Carrie Williams

Shares of Xebec Adsorption (XBCResearch Report) were revisited by a Wall Street analyst today. The Conglomerates company, Xebec Adsorption (TSXV: XBC) has just received a rating update from a Wall Street analyst.

According to TipRanks.com, Dayal is a 4-star analyst with an average return of 4.1% and a 44.1% success rate. Dayal covers the Industrial Goods sector, focusing on stocks such as Advanced Emissions Solutions, Inc., Ballard Power Systems, and Orion Energy Systems.

Xebec Adsorption has an analyst consensus of Moderate Buy, with a price target consensus of C$2.60.

The company has a one-year high of C$1.80 and a one-year low of C$0.64. Currently, Xebec Adsorption has an average volume of 226.7K.

Xebec Adsorption, Inc. engages in the design, engineering, and manufacture of products which transforms raw gases into marketable sources of clean and renewable energy. It operates through the following segments: Systems, Service, and Infrastructure. The Systems segment includes design and building of systems that deliver renewable gases.

The company’s shares closed last Tuesday at C$1.67, close to its 52-week high of C$1.80.