MBAC Fertilizer Corp. Given Hold Rating at Canaccord Genuity (MBC)
MBAC Fertilizer Corp. (TSE:MBC)‘s stock had its “hold” rating reiterated by equities researchers at Canaccord Genuity in a research report issued on Wednesday. They currently have a C$0.28 price objective on the stock. Canaccord Genuity’s price objective would indicate a potential upside of 30.23% from the company’s current price.
MBAC Fertilizer Corp. (TSE:MBC) opened at 0.22 on Wednesday. MBAC Fertilizer Corp. has a 1-year low of $0.21 and a 1-year high of $2.35. The stock’s 50-day moving average is $0.34 and its 200-day moving average is $0.5. The company’s market cap is $40.0 million.
MBAC Fertilizer Corp. (TSE:MBC) last released its earnings data on Thursday, August 14th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.02. On average, analysts predict that MBAC Fertilizer Corp. will post $-0.09 earnings per share for the current fiscal year.
Separately, analysts at National Bank Financial downgraded shares of MBAC Fertilizer Corp. to a “sector perform” rating in a research note on Thursday, August 14th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of C$1.40.
MBAC Fertilizer Corp. (TSE:MBC) is a Canada-based company engaged in the mining, production and exploration of phosphate and potash fertilizer.
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