RBC Capital Reaffirms Sector Perform Rating for Asciano (AIO)
Asciano (ASX:AIO)‘s stock had its “sector perform” rating reissued by equities researchers at RBC Capital in a research report issued on Wednesday. They currently have a $6.25 price objective on the stock.
AIO has been the subject of a number of other recent research reports. Analysts at CIMB reiterated an “add” rating on shares of Asciano in a research note on Wednesday. They now have a $6.32 price target on the stock.
Asciano (ASX:AIO) traded up 1.26% during mid-day trading on Wednesday, hitting A$6.440. The stock had a trading volume of 2,797,759 shares. Asciano has a 52-week low of A$5.130 and a 52-week high of A$6.610. The stock’s 50-day moving average is A$6.06 and its 200-day moving average is A$5.65. The company has a market cap of A$6.280 billion and a price-to-earnings 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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