Asciano Receives add Rating from CIMB (AIO)
Asciano (ASX:AIO) traded up 0.31% during mid-day trading on Tuesday, hitting A$6.390. 3,551,761 shares of the company’s stock traded hands. Asciano has a 52-week low of A$5.130 and a 52-week high of A$6.430. The stock has a 50-day moving average of A$5.9 and a 200-day moving average of A$5.62. The company has a market cap of A$6.231 billion and a price-to-earnings ratio of 24.41.
A number of other firms have also recently commented on AIO. 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 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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