Raymond James Financial Raises ACT Energy Technologies (TSE:ACX) Price Target to C$10.00

ACT Energy Technologies (TSE:ACX) had its price target upped by equities researchers at Raymond James Financial from C$8.75 to C$10.00 in a report released on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Raymond James Financial’s price target suggests a potential upside of 100.00% from the company’s current price.

Separately, ATB Capital dropped their target price on shares of ACT Energy Technologies from C$6.75 to C$6.50 and set an “outperform” rating on the stock in a research report on Friday, December 19th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of C$8.63.

ACT Energy Technologies Stock Up 5.3%

ACX traded up C$0.25 on Wednesday, reaching C$5.00. The company’s stock had a trading volume of 116,593 shares, compared to its average volume of 57,382. The company has a market capitalization of C$167.31 million, a P/E ratio of 6.94 and a beta of 0.75. ACT Energy Technologies has a fifty-two week low of C$4.23 and a fifty-two week high of C$6.98. The business has a 50 day simple moving average of C$5.17.

ACT Energy Technologies Company Profile

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.