Aimia Upgraded by RBC Capital to “Outperform” (AIM)
Aimia (TSE:AIM) was upgraded by research analysts at RBC Capital from a “sector perform” rating to an “outperform” rating in a report released on Tuesday, Stock Ratings Network.com reports. The firm currently has a C$20.00 price objective on the stock, up from their previous price objective of C$17.00. RBC Capital’s price objective would suggest a potential upside of 12.04% from the stock’s previous close.
Aimia (TSE:AIM) traded up 1.23% on Tuesday, hitting $18.07. The stock had a trading volume of 739,165 shares. Aimia has a one year low of $13.62 and a one year high of $17.98. The stock has a 50-day moving average of $15.91 and a 200-day moving average of $15.43.
A number of other firms have also recently commented on AIM. Analysts at Scotiabank raised their price target on shares of Aimia (TSE:AIM) from C$15.00 to C$17.00 in a research note to investors on Tuesday. They now have a “sector perform” rating on the stock. Separately, analysts at CIBC raised their price target on shares of Aimia (TSE:AIM) from C$16.00 to C$17.00 in a research note to investors on Thursday, August 15th. Finally, analysts at Raymond James cut their price target on shares of Aimia (TSE:AIM) from C$20.00 to C$18.00 in a research note to investors on Wednesday, August 7th. They now have an “outperform” rating on the stock.
Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of C$18.50.
Aimia Inc, formerly Groupe Aeroplan Inc, is doing business as Aimia, is engaged in loyalty management, through its subsidiaries, operates in three regional business segments: Canada, the United States and Asia-Pacific (TSE:AIM) and Europe, Middle-East and Africa (EMEA).
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