AirBoss of America (TSE:BOS) Price Target Lowered to C$4.75 at CIBC

AirBoss of America (TSE:BOS) had its target price cut by equities researchers at CIBC from C$5.00 to C$4.75 in a report issued on Tuesday,BayStreet.CA reports. The firm currently has a “neutral” rating on the stock. CIBC’s price objective suggests a potential upside of 28.38% from the company’s current price.

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

AirBoss of America Stock Down 1.3 %

AirBoss of America stock opened at C$3.70 on Tuesday. The company has a debt-to-equity ratio of 95.38, a quick ratio of 1.07 and a current ratio of 2.23. AirBoss of America has a fifty-two week low of C$3.65 and a fifty-two week high of C$6.31. The stock’s fifty day moving average is C$3.99 and its two-hundred day moving average is C$4.28. The firm has a market capitalization of C$67.31 million, a price-to-earnings ratio of -1.25, a price-to-earnings-growth ratio of -550.53 and a beta of 2.05.

Insider Activity

In other AirBoss of America news, Director Peter Grenville Schoch bought 10,900 shares of AirBoss of America stock in a transaction that occurred on Monday, December 16th. The shares were purchased at an average cost of C$3.80 per share, for a total transaction of C$41,420.00. Insiders have purchased 20,000 shares of company stock worth $76,451 over the last three months. 34.90% of the stock is currently owned by corporate insiders.

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.