GMP FirstEnergy Thinks Airboss of America’s Stock is Going to Recover


Airboss of America (BOS), the Conglomerates sector company was revisited on December 13, and remains undervalued for at least one analyst on the street. Analyst Ben Jekic from GMP FirstEnergy remains bullish on the stock and has a C$13 price target.

According to TipRanks.com, Jekic is ranked #2881 out of 5105 analysts.

Currently, the analyst consensus on Airboss of America is a Moderate Buy with an average price target of C$12.50, implying a 42.9% upside from current levels. In a report issued on November 29, TD Securities also upgraded the stock to Buy with a C$12.50 price target.

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Airboss of America’s market cap is currently C$204.9M and has a P/E ratio of 14. The company has a Price to Book ratio of 1.30.

AirBoss of America Corp. develops, manufactures and sells rubber compounds. It operates through the following segments: Rubber Compounding, AirBoss Engineered Products, AirBoss-Defense Inc. and Immediate Response Technologies, LLC (AEP), Automotive, and Corporate.

The company’s shares closed on Friday at C$8.75, close to its 52-week low of C$7.82.

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