Macquarie Gives Neutral Rating to Asciano Ltd (AIO)
Asciano Ltd remained flat at A$4.470 during trading on Monday. Asciano Ltd has a 1-year low of A$4.090 and a 1-year high of A$4.970. The company has a market cap of A$4.360 billion and a price-to-earnings ratio of 18.10.
AIO has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase reiterated an “overweight” rating on shares of Asciano Ltd in a research note to investors on Monday, November 5th. 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 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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