ACT Energy Technologies (TSE:ACX) Price Target Raised to C$10.50

ACT Energy Technologies (TSE:ACX) had its target price upped by analysts at Raymond James Financial from C$9.50 to C$10.50 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Raymond James Financial’s target price would suggest a potential upside of 54.41% from the stock’s current price.

A number of other research firms also recently commented on ACX. ATB Cormark Capital Markets lifted their target price on shares of ACT Energy Technologies from C$7.25 to C$8.00 and gave the stock an “outperform” rating in a research report on Tuesday. Acumen Capital lifted their price objective on ACT Energy Technologies from C$7.50 to C$9.00 and gave the stock a “buy” rating in a report on Tuesday. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average 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, reaching 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’s 50-day moving average is C$5.79 and its 200 day moving average is C$5.32. ACT Energy Technologies has a 12-month low of C$4.23 and a 12-month 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.