Asciano Rating Reiterated by Deutsche Bank (AIO)
Asciano (ASX:AIO)‘s stock had its “buy” rating restated by analysts at Deutsche Bank in a research report issued to clients and investors on Tuesday. They currently have a $7.10 price objective on the stock.
A number of other analysts have also recently weighed in on AIO. Analysts at Morningstar reiterated a “hold” rating on shares of Asciano in a research note on Wednesday, July 9th.
Shares of Asciano (ASX:AIO) remained flat at A$6.040 during during mid-day trading trading on Tuesday. The stock had a trading volume of 3,010,008 shares. Asciano has a 52-week low of A$5.060 and a 52-week high of A$6.230. The stock’s 50-day moving average is A$5.68 and its 200-day moving average is A$5.56. The company has a market cap of A$5.888 billion and a P/E ratio of 17.92.
Asciano Limited is a national rail freight and ports operator in Australia. The Company’s segments include Pacific National Coal division, which is a coal haulage operator, offering rail haulage services for the export and domestic coal markets in New South Wales, Queensland and South Australia; Pacific National Rail division, which is an intermodal rail provider and a major provider of bulk rail services, transporting containerized, steel, general freight, bulk freight including grain, magnetite and aggregates; Terminals & Logistics, which provides container stevedoring services and Bulk & Automotive Port Services (ASX:AIO), which specializes in the management of bulk ports and supporting infrastructure and the provision of port related logistics at over 30 sites across Australia and New Zealand.
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