ATB Capital Forecasts Strong Price Appreciation for ACT Energy Technologies (TSE:ACX) Stock

ACT Energy Technologies (TSE:ACX) had its price target raised by research analysts at ATB Capital from C$6.50 to C$7.25 in a research report issued on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. ATB Capital’s target price indicates a potential upside of 46.76% from the company’s current price.

Separately, Raymond James Financial upped their price objective on ACT Energy Technologies from C$8.75 to C$10.00 and gave the stock an “outperform” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, ACT Energy Technologies presently has a consensus rating of “Buy” and an average price target of C$8.63.

ACT Energy Technologies Stock Down 0.6%

ACX opened at C$4.94 on Wednesday. The company has a market cap of C$165.30 million, a PE ratio of 6.86 and a beta of 0.75. ACT Energy Technologies has a 12 month low of C$4.23 and a 12 month high of C$6.98. The company has a fifty day moving average of C$5.16.

About ACT Energy Technologies

ACT Energy Technologies Ltd. is based in Calgary, Alberta, Canada. We operate in Canada and in the United States as Altitude Energy Partners, and in the U.S. under Discovery Downhole Services and Rime Downhole Technologies.