In a latest note to investors, a research analyst has provided a rating update for the Neo Performance Materials Inc (NEO). Analyst Scott Fromson from CIBC rated Neo Performance Materials Inc (NEO) a Buy on May 22, setting a C$16 price target.
Fromson has an average return of 5.7% when recommending Neo Performance Materials Inc.
According to TipRanks.com, Fromson is ranked #2430 out of 5172 analysts.
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Neo Performance Materials Inc has an analyst consensus of Strong Buy, with a price target consensus of C$16.30, representing a 36.4% upside. In a report issued on May 13, Canaccord Genuity also reiterated a Buy rating on the stock with a C$14 price target.
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The company has a one-year high of C$18.65 and a one-year low of C$9.86. Currently, Neo Performance Materials Inc has an average volume of 100.7K.
Neo Performance Materials, Inc. engages in the manufacture of metal-based functional materials. It operates through the following segments: Magnequench; Chemicals and Oxides; and Rare Metals. The Magnequench segment focuses in the production of magnetic powders used in bonded and hot deformed fully dense NdFeB magnets.
The company’s shares closed on Friday at C$11.95.
