Neo Performance Materials (TSE:NEO - Get Free Report) had its target price lifted by equities researchers at Stifel Nicolaus from C$17.50 to C$22.00 in a research note issued to investors on Wednesday,
BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. Stifel Nicolaus' target price would suggest a potential upside of 31.19% from the company's current price.
Neo Performance Materials Stock Down 8.2%
Shares of Neo Performance Materials stock traded down C$1.49 during midday trading on Wednesday, hitting C$16.77. The company's stock had a trading volume of 387,643 shares, compared to its average volume of 155,575. The firm has a market capitalization of C$490.81 million, a P/E ratio of -220.24 and a beta of 1.38. The stock has a 50-day simple moving average of C$14.67 and a 200-day simple moving average of C$11.11. The company has a quick ratio of 1.92, a current ratio of 2.59 and a debt-to-equity ratio of 10.65. Neo Performance Materials has a 1-year low of C$7.18 and a 1-year high of C$18.26.
Insider Transactions at Neo Performance Materials
In other news, Director Rahim Suleman acquired 5,100 shares of Neo Performance Materials stock in a transaction that occurred on Wednesday, June 4th. The stock was purchased at an average price of C$9.87 per share, with a total value of C$50,344.14. Insiders own 22.38% of the company's stock.
Neo Performance Materials Company Profile
(
Get Free Report)
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.
Further Reading
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