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Asciano (ASX:AIO)‘s stock had its “buy” rating reiterated by stock analysts at Deutsche Bank in a report issued on Wednesday. They currently have a $7.10 target price on the stock.

Other equities research analysts have also recently issued reports about the stock. Analysts at Morningstar reiterated a “hold” rating on shares of Asciano in a research note on Wednesday, July 9th.

Asciano (ASX:AIO) traded down 0.67% during mid-day trading on Wednesday, hitting A$5.890. 2,748,790 shares of the company’s stock traded hands. Asciano has a one year low of A$5.070 and a one year high of A$6.230. The stock has a 50-day moving average of A$5.82 and a 200-day moving average of A$5.58. The company has a market cap of A$5.742 billion and a price-to-earnings ratio of 17.60.

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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