Neo Performance Materials (TSE:NEO) Price Target Raised to C$16.50 at Stifel Nicolaus

Neo Performance Materials (TSE:NEO) had its price target hoisted by investment analysts at Stifel Nicolaus from C$15.00 to C$16.50 in a research note issued on Wednesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ target price would indicate a potential upside of 71.88% from the company’s previous close.

Neo Performance Materials Trading Up 5.3 %

TSE NEO opened at C$9.60 on Wednesday. Neo Performance Materials has a twelve month low of C$5.67 and a twelve month high of C$9.80. The company has a debt-to-equity ratio of 10.65, a quick ratio of 1.92 and a current ratio of 2.59. The stock has a market cap of C$280.96 million, a price-to-earnings ratio of -126.08 and a beta of 1.38. The firm’s 50 day moving average price is C$8.30 and its two-hundred day moving average price is C$8.13.

Neo Performance Materials Company Profile

Neo Performance Materials Inc engages in the manufacture and sale of rare earth, magnetic powders, magnets, and rare metal-based functional materials in Canada and internationally. The company operates in three segments: Magnequench, Chemicals and Oxides, and Rare Metals. The Magnequench segment produces magnetic powders that are used in bonded and hot deformed fully dense neodymium-iron-boron magnets; and bonded magnets.