National Bankshares Issues Pessimistic Forecast for NanoXplore (TSE:GRA) Stock Price

NanoXplore (TSE:GRA) had its price target dropped by equities research analysts at National Bankshares from C$3.50 to C$3.00 in a research report issued on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ price target suggests a potential upside of 28.76% from the stock’s current price.

Separately, Raymond James cut NanoXplore from an “outperform” rating to a “market perform” rating and cut their price target for the stock from C$4.00 to C$3.00 in a research note on Thursday. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of C$3.00.

NanoXplore Stock Down 2.9 %

GRA opened at C$2.33 on Thursday. NanoXplore has a 52 week low of C$2.00 and a 52 week high of C$2.96. The business has a 50 day moving average price of C$2.40 and a two-hundred day moving average price of C$2.37. The company has a quick ratio of 2.01, a current ratio of 2.22 and a debt-to-equity ratio of 21.81. The company has a market cap of C$399.21 million, a PE ratio of -35.89 and a beta of 1.26.

About NanoXplore

NanoXplore Inc is a graphene company, manufacturer, and supplier of high-volume graphene powder for use in industrial markets. The company provides graphene-enhanced plastic and composite products to various customers in transportation, packaging, electronics, and other industrial sectors. Geographically, it generates a majority of revenue from the United States.