ACT Energy Technologies (TSE:ACX) Given New C$10.50 Price Target at Raymond James Financial

ACT Energy Technologies (TSE:ACX) had its price objective lifted by analysts at Raymond James Financial from C$9.50 to C$10.50 in a research note issued on Tuesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James Financial’s price objective indicates a potential upside of 54.41% from the company’s current price.

A number of other research firms also recently weighed in on ACX. ATB Cormark Capital Markets upped their price target on ACT Energy Technologies from C$7.25 to C$8.00 and gave the stock an “outperform” rating in a research note on Tuesday. Acumen Capital increased their price objective on shares of ACT Energy Technologies from C$7.50 to C$9.00 and gave the company a “buy” rating in a research note on Tuesday. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, ACT Energy Technologies has a consensus rating of “Buy” and a consensus price target of C$9.17.

ACT Energy Technologies Trading Up 1.9%

ACX stock traded up C$0.13 during trading on Tuesday, hitting C$6.80. The company had a trading volume of 105,964 shares, compared to its average volume of 59,110. The stock has a market cap of C$227.53 million, a PE ratio of 9.44 and a beta of 0.89. The business has a 50-day moving average of C$5.79 and a 200-day moving average of C$5.32. ACT Energy Technologies has a one year low of C$4.23 and a one year high of C$6.92.

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.