AirBoss of America (TSE:BOS) Price Target Lowered to C$6.00 at TD Securities

Key Points

• TD Securities has lowered its target price for AirBoss of America from C$6.50 to C$6.00, while maintaining a "buy" rating on the stock, which implies a potential upside of 14.72%.
• On the day of the report, AirBoss of America shares decreased by 1.9%, trading at C$5.23 with a market cap of C$95.14 million.
• The company operates in three segments: Rubber Solutions, Engineered Products, and AirBoss Defense Group, manufacturing rubber-based products for various markets.

AirBoss of America (TSE:BOS - Get Free Report) had its target price lowered by research analysts at TD Securities from C$6.50 to C$6.00 in a research note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. TD Securities' price target would indicate a potential upside of 16.50% from the stock's previous close.

AirBoss of America Trading Down 1.9%

BOS stock traded down C$0.10 during midday trading on Monday, hitting C$5.15. 5,004 shares of the company's stock were exchanged, compared to its average volume of 25,649. The business has a 50-day simple moving average of C$4.81 and a two-hundred day simple moving average of C$4.25. 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 has a market capitalization of C$93.69 million, a PE ratio of -1.74, a P/E/G ratio of -550.53 and a beta of 2.05. AirBoss of America has a 1-year low of C$3.34 and a 1-year high of C$5.60.

About AirBoss of America

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.