ACT Energy Technologies (TSE:ACX) Stock Price Expected to Rise, ATB Cormark Capital Markets Analyst Says

ACT Energy Technologies (TSE:ACX) had its price objective boosted by ATB Cormark Capital Markets from C$7.25 to C$8.00 in a research note issued on Tuesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ price objective would indicate a potential upside of 17.65% from the stock’s current price.

Separately, Raymond James Financial boosted their price target on shares of ACT Energy Technologies from C$8.75 to C$10.00 and gave the company an “outperform” rating in a research note on Wednesday, January 7th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, ACT Energy Technologies presently has an average rating of “Buy” and a consensus target price of C$9.17.

ACT Energy Technologies Price Performance

TSE ACX traded up C$0.13 during mid-day trading on Tuesday, hitting C$6.80. The stock had a trading volume of 105,964 shares, compared to its average volume of 59,110. ACT Energy Technologies has a twelve month low of C$4.23 and a twelve month high of C$6.92. The stock has a market capitalization of C$227.53 million, a price-to-earnings ratio of 9.44 and a beta of 0.89. The firm’s 50 day moving average is C$5.79 and its 200 day moving average is C$5.32.

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.