Acumen Capital Increases ACT Energy Technologies (TSE:ACX) Price Target to C$9.00

ACT Energy Technologies (TSE:ACX) had its price target boosted by stock analysts at Acumen Capital from C$7.50 to C$9.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Acumen Capital’s price target would suggest a potential upside of 32.35% from the company’s previous close.

A number of other equities analysts also recently issued reports on ACX. Raymond James Financial raised their price objective on ACT Energy Technologies from C$8.75 to C$10.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 7th. ATB Cormark Capital Markets raised their target price on ACT Energy Technologies from C$7.25 to C$8.00 and gave the company an “outperform” rating in a research note on Tuesday. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of C$9.17.

ACT Energy Technologies Stock Up 1.9%

Shares of TSE:ACX traded up C$0.13 during trading on Tuesday, hitting C$6.80. 105,964 shares of the company were exchanged, compared to its average volume of 59,110. The company has a market capitalization of C$227.53 million, a P/E ratio of 9.44 and a beta of 0.89. ACT Energy Technologies has a 1-year low of C$4.23 and a 1-year high of C$6.92. The business’s 50 day moving average is C$5.79 and its 200-day moving average is C$5.32.

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.