CIMB Reiterates add Rating for Asciano (AIO)
Other equities research analysts have also recently issued reports about 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 up 1.26% during mid-day trading on Wednesday, hitting A$6.440. 2,797,759 shares of the company’s stock traded hands. Asciano has a one year low of A$5.130 and a one year high of A$6.610. The stock has a 50-day moving average of A$6.06 and a 200-day moving average of A$5.65. The company has a market cap of A$6.280 billion and a P/E ratio of 24.37.
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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