Neo Performance Materials (TSE:NEO) Given New C$25.00 Price Target at Stifel Nicolaus

Key Points

• Analysts at Stifel Nicolaus have raised the price target for Neo Performance Materials from C$22.00 to C$25.00, indicating a potential upside of 10.96% from the current stock price.
• The stock currently holds a consensus rating of "Buy", with another analyst, Cormark, recently upgrading it to a "moderate buy" rating.
• Neo Performance Materials has a market capitalization of C$937.23 million and is involved in the innovation and manufacturing of rare earth and metal-based functional materials.

Neo Performance Materials (TSE:NEO - Get Free Report) had its price objective upped by analysts at Stifel Nicolaus from C$22.00 to C$25.00 in a research note issued on Tuesday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. Stifel Nicolaus' price target would indicate a potential upside of 10.96% from the company's previous close.

Separately, Cormark raised shares of Neo Performance Materials to a "moderate buy" rating in a report on Wednesday, September 10th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of C$25.00.

Neo Performance Materials Stock Performance

NEO traded up C$0.15 on Tuesday, reaching C$22.53. The stock had a trading volume of 173,331 shares, compared to its average volume of 165,629. Neo Performance Materials has a 12-month low of C$7.18 and a 12-month high of C$23.30. The company has a current ratio of 2.59, a quick ratio of 1.92 and a debt-to-equity ratio of 10.65. The business's 50-day moving average price is C$17.66 and its two-hundred day moving average price is C$13.75. The company has a market cap of C$937.23 million, a P/E ratio of -90.12 and a beta of 0.88.

Neo Performance Materials Company Profile

Neo Performance Materials Inc is engaged in the innovation, development, processing, and manufacturing of rare earth and rare metal-based functional materials. Its operating segments include Magnequench, Chemicals & Oxides, Rare Metals, and Corporate. The Magnequench segment produces magnetic powders used in bonded and hot-deformed, fully dense neodymium-iron-boron magnets.

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