CIBC Lowers AirBoss of America (BOS) Price Target to C$11.00

AirBoss of America (TSE:BOS) had its price objective reduced by research analysts at CIBC from C$12.00 to C$11.00 in a note issued to investors on Thursday. CIBC’s price objective would suggest a potential upside of 38.89% from the stock’s current price.

Separately, TD Securities upgraded shares of AirBoss of America from a “hold” rating to a “buy” rating and dropped their price target for the company from C$13.50 to C$12.50 in a research report on Thursday, November 29th.

Shares of TSE:BOS traded down C$0.02 during trading on Thursday, reaching C$7.92. 4,600 shares of the stock were exchanged, compared to its average volume of 13,325. AirBoss of America has a 12 month low of C$7.55 and a 12 month high of C$16.06. The stock has a market cap of $189.72 million and a PE ratio of 16.85. The company has a quick ratio of 1.96, a current ratio of 3.06 and a debt-to-equity ratio of 54.28.

AirBoss of America Company Profile

AirBoss of America Corp., through its subsidiaries, develops, manufactures, and sells rubber-based products to the resource, military, automotive, and industrial markets primarily in Canada and the United States. The company operates through: Rubber Solutions and Engineered Products segments. The Rubber Solutions segment is involved in the custom rubber compounding and supplying mixed rubber for use in mining, transportation, industrial rubber, military, automotive, conveyor belting, and other products; and distributes chemicals.

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