Asciano Stock Rating Reaffirmed by Deutsche Bank (AIO)
Asciano (ASX:AIO)‘s stock had its “buy” rating restated by Deutsche Bank in a research note issued on Thursday, ARN reports. They currently have a $6.50 price objective on the stock.
Asciano (ASX:AIO) traded down 0.69% during mid-day trading on Thursday, hitting A$5.720. The stock had a trading volume of 2,275,193 shares. Asciano has a 52 week low of A$4.570 and a 52 week high of A$6.230. The stock has a 50-day moving average of A$5.37 and a 200-day moving average of A$5.59. The company has a market cap of A$5.576 billion and a price-to-earnings ratio of 17.04.
Asciano Limited is a national rail freight and ports operator in Australia. The Company operates in four segments: Pacific National Coal, Pacific National Rail, Terminals & Logistics and Bulk & Automotive Port Services (ASX:AIO).
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