Asciano Stock Rating Reaffirmed by CIMB (AIO)
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.