Royal Bank of Canada Has Lowered Expectations for NanoXplore (TSE:GRA) Stock Price

NanoXplore (TSE:GRA) had its price objective lowered by analysts at Royal Bank of Canada from C$3.25 to C$3.00 in a research report issued on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s price target would indicate a potential upside of 28.76% from the company’s previous close.

A number of other brokerages have also commented on GRA. Raymond James lowered shares of NanoXplore from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from C$4.00 to C$3.00 in a report on Thursday. National Bankshares cut their price target on NanoXplore from C$3.50 to C$3.00 and set an “outperform” rating on the stock in a research note on Thursday. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of C$3.00.

NanoXplore Trading Down 2.9 %

GRA opened at C$2.33 on Thursday. The firm’s 50 day moving average is C$2.40 and its 200-day moving average is C$2.37. NanoXplore has a 52-week low of C$2.00 and a 52-week high of C$2.96. 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 firm has a market capitalization of C$399.21 million, a P/E ratio of -35.89 and a beta of 1.26.

NanoXplore Company Profile

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.