Ventum Financial Cuts Atlas Engineered Products (CVE:AEP) Price Target to C$1.75

Atlas Engineered Products (CVE:AEP) had its target price lowered by equities researchers at Ventum Financial from C$2.00 to C$1.75 in a research report issued on Tuesday,BayStreet.CA reports. Ventum Financial’s price objective indicates a potential upside of 63.55% from the company’s previous close.

A number of other research analysts also recently commented on the stock. Raymond James set a C$2.25 price target on shares of Atlas Engineered Products and gave the company a “strong-buy” rating in a report on Thursday, September 12th. Cormark reduced their price objective on shares of Atlas Engineered Products from C$2.20 to C$2.10 in a research report on Tuesday, August 20th.

Atlas Engineered Products Stock Performance

Shares of CVE:AEP remained flat at C$1.07 during trading on Tuesday. 59,466 shares of the company were exchanged, compared to its average volume of 125,949. The company has a quick ratio of 2.31, a current ratio of 4.16 and a debt-to-equity ratio of 62.14. Atlas Engineered Products has a 1 year low of C$0.93 and a 1 year high of C$1.70. The company’s 50 day moving average price is C$1.28 and its 200 day moving average price is C$1.34. The stock has a market cap of C$63.26 million, a PE ratio of 15.29 and a beta of 1.13.

About Atlas Engineered Products

Atlas Engineered Products Ltd. engages in the design, manufacture, and sale of engineered roof trusses, floor trusses, and wall panels in Canada. The company offers floor joists and floor panels; and design, engineering, permitting, project management, and site assembly services. It also distributes a range of engineered wood products for builders of residential and commercial wood-framed buildings, including single-family homes, townhouses, multi-story wood-framed residential buildings, commercial buildings, and agricultural structures.