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Asciano (ASX:AIO)‘s stock had its “add” rating reaffirmed by stock analysts at CIMB in a report issued on Monday. They currently have a $6.32 target price on the stock.

Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Asciano in a research note on Wednesday, August 6th. They now have a $7.10 price target on the stock.

Asciano (ASX:AIO) traded down 0.67% on Monday, hitting A$5.910. The stock had a trading volume of 2,063,126 shares. Asciano has a 52 week low of A$5.130 and a 52 week high of A$6.230. The stock’s 50-day moving average is A$5.88 and its 200-day moving average is A$5.59. The company has a market cap of A$5.762 billion and a P/E ratio of 17.66.

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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