Aimia (AIM) Shares Down 6.4%
Aimia Inc (TSE:AIM) traded down 6.4% during mid-day trading on Wednesday . The company traded as low as C$3.96 and last traded at C$3.96. 139,248 shares traded hands during mid-day trading, a decline of 77% from the average session volume of 594,177 shares. The stock had previously closed at C$4.23.
A number of equities research analysts have recently issued reports on the stock. TD Securities cut shares of Aimia from a “speculative buy” rating to a “hold” rating and set a C$5.00 price objective for the company. in a research note on Wednesday, May 15th. Raymond James reissued an “outperform” rating and set a C$5.00 price target on shares of Aimia in a research report on Monday, May 6th. BMO Capital Markets increased their price target on shares of Aimia from C$4.25 to C$4.50 in a research report on Friday, March 29th. Finally, Industrial Alliance Securities raised shares of Aimia from a “speculative buy” rating to a “buy” rating and increased their price target for the company from C$5.00 to C$5.50 in a research report on Friday, March 29th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Aimia currently has a consensus rating of “Hold” and a consensus target price of C$4.88.
The stock has a market cap of $644.26 million and a price-to-earnings ratio of -6.73.
About Aimia (TSE:AIM)
Aimia Inc, through its subsidiaries, operates as a data-driven marketing and loyalty analytics company worldwide. It operates through Coalitions, and Insights & Loyalty Solutions segments. The company owns and operates the Aeroplan Program, a coalition loyalty program in Canada, as well as non-platform based loyalty services business.
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