Aimia (TSE:AIM) Shares Cross Above Two Hundred Day Moving Average on Analyst Downgrade
Shares of Aimia Inc (TSE:AIM) passed above its 200-day moving average during trading on Thursday after BMO Capital Markets raised their price target on the stock from C$4.25 to C$4.50. The stock has a 200-day moving average of $0.00 and traded as high as $3.28. Aimia shares last traded at $3.14, with a volume of 270,148 shares changing hands.
Several other brokerages also recently commented on AIM. Industrial Alliance Securities raised Aimia from a “speculative buy” rating to a “buy” rating and lifted their price target for the stock from C$5.00 to C$5.50 in a research report on Friday, March 29th. TD Securities raised Aimia from a “hold” rating to a “speculative buy” rating and lifted their price target for the stock from C$2.50 to C$5.00 in a research report on Friday, January 11th. Finally, Raymond James reaffirmed an “outperform” rating and issued a C$5.00 price target on shares of Aimia in a research report on Thursday, March 21st. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of C$4.60.
The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.88 and a current ratio of 3.89. The company has a 50-day simple moving average of C$3.71 and a 200 day simple moving average of C$3.83. The company has a market capitalization of $385.15 million and a P/E ratio of 0.49.
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.
Featured Story: Growth Stocks, What They Are, What They Are Not
Receive News & Ratings for Aimia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aimia and related companies with MarketBeat.com's FREE daily email newsletter.