Asciano Ltd Stock Rating Lowered by Macquarie (AIO)
A number of other analysts have also recently weighed in on AIO. Analysts at JPMorgan Chase reiterated an “overweight” rating on shares of Asciano Ltd in a research note to investors on Monday. They now have a $5.81 price target on the stock. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of Asciano Ltd in a research note to investors on Friday, October 26th. They now have a $6.13 price target on the stock.
Asciano Ltd traded down 0.46% on Friday, hitting A$4.360. Asciano Ltd has a 1-year low of A$1.480 and a 1-year high of A$4.970. The company has a market cap of A$4.253 billion and a price-to-earnings ratio of 17.73.
Asciano Limited is a national rail freight and ports operator in Australia. The Company operates in four segments: Pacific National Coal, Pacific National Rail, Terminals & Logistics and Bulk & Automotive Port Services (BAPS).
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