CIBC Issues Pessimistic Forecast for AirBoss of America (TSE:BOS) Stock Price

AirBoss of America (TSE:BOS) had its target price reduced by research analysts at CIBC from C$5.00 to C$4.75 in a note issued to investors on Tuesday,BayStreet.CA reports. The firm currently has a “neutral” rating on the stock. CIBC’s price target would indicate a potential upside of 28.38% from the company’s current price.

Separately, Cibc World Mkts raised AirBoss of America from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 4th.

AirBoss of America Trading Down 1.3 %

TSE:BOS opened at C$3.70 on Tuesday. The firm has a market cap of C$67.31 million, a P/E ratio of -1.25, a PEG ratio of -550.53 and a beta of 2.05. The company has a current ratio of 2.23, a quick ratio of 1.07 and a debt-to-equity ratio of 95.38. The stock’s 50 day simple moving average is C$3.99 and its 200-day simple moving average is C$4.28. AirBoss of America has a 12-month low of C$3.65 and a 12-month high of C$6.31.

Insider Buying and Selling

In other news, Director Peter Grenville Schoch bought 10,900 shares of the stock in a transaction on Monday, December 16th. The shares were bought at an average price of C$3.80 per share, with a total value of C$41,420.00. Insiders have acquired 20,000 shares of company stock valued at $76,451 over the last quarter. Company insiders own 34.90% of the company’s stock.

AirBoss of America Company Profile

AirBoss of America Corp is a Canada-based manufacturer of rubber-based products for the resource, military, automotive and industrial markets. It operates in three segments: Rubber Solutions, Engineered Products, and AirBoss Defense Group. The Rubber Solutions segment includes manufacturing and distribution of rubber compounds and distribution of rubber compounding-related chemicals.