Canaccord Genuity Increases Aimia Price Target to C$20.00 (AIM)
Canaccord Genuity upped their price target on shares of Aimia (TSE:AIM) from C$18.50 to C$20.00 in a research note issued on Tuesday, AnalystRatingsNetwork.com reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s price target would indicate a potential upside of 12.04% from the stock’s previous close.
Aimia (TSE:AIM) traded up 1.23% during mid-day trading on Tuesday, hitting $18.07. 739,165 shares of the company’s stock traded hands. Aimia has a 52-week low of $13.62 and a 52-week high of $17.98. The stock’s 50-day moving average is $15.91 and its 200-day moving average is $15.43.
A number of other firms have also recently commented on AIM. Analysts at RBC Capital upgraded shares of Aimia (TSE:AIM) from a “sector perform” rating to an “outperform” rating in a research note to investors on Tuesday. They now have a C$20.00 price target on the stock, up previously from C$17.00. Separately, 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. Finally, 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.
Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Aimia presently has a consensus rating of “Buy” and a consensus price target 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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