Neo Performance Materials Inc (NEO) Gets a Buy Rating from Raymond James

By Ryan Adsit

In a new note to investors on December 2, an analyst has provided a rating update for Neo Performance Materials Inc (NEOResearch Report). The company received a Buy on December 2 from Raymond James’ analyst Frederic Bastien, with a C$24 price target.

According to TipRanks.com, Bastien is ranked #3467 out of 5142 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Neo Performance Materials Inc with a C$23.25 average price target, representing a 53.7% upside. In a report issued on November 30, Canaccord Genuity also reiterated a Buy rating on the stock with a C$22 price target.

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Neo Performance Materials Inc’s market cap is currently C$602.5M and has a P/E ratio of 13.2. The company has a Price to Book ratio of 1.08.

Neo Performance Materials, Inc. manufactures rare earth and rare metalbased functional materials. The company operates through the following business segments: Magnequench, Chemicals & Oxides, and Rare Metals. The Company was founded on September 12, 2017 and is headquartered in Toronto, Canada.

The company’s shares closed on Monday at C$15.13.