Shares of Neo Performance Materials Inc (NEO) were revisited by a Wall Street analyst on May 13. Analyst Stephen Harris from GMP FirstEnergy rated Neo Performance Materials Inc (NEO) a Buy on May 13, setting a C$18.50 price target.
Harris has an average return of 0.4% when recommending Neo Performance Materials Inc.
According to TipRanks.com, Harris is ranked #882 out of 5183 analysts.
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Currently, the analyst consensus on Neo Performance Materials Inc is a Strong Buy with an average price target of C$16.40, implying a 45.5% upside from current levels. 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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Neo Performance Materials Inc’s market cap is currently C$445.7M and has a P/E ratio of 8.3. The company has a Price to Book ratio of 0.75.
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 Thursday at C$11.27, close to its 52-week low of C$9.86.