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

Atlas Engineered Products (CVE:AEP) had its price objective decreased by Ventum Financial from C$2.00 to C$1.75 in a research note released on Tuesday,BayStreet.CA reports.

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

Atlas Engineered Products Price Performance

AEP opened at C$1.14 on Tuesday. The stock’s 50 day moving average price is C$1.27 and its 200-day moving average price is C$1.33. Atlas Engineered Products has a 52-week low of C$0.93 and a 52-week high of C$1.70. The stock has a market capitalization of C$67.40 million, a PE ratio of 16.29 and a beta of 1.13. The company has a debt-to-equity ratio of 62.14, a quick ratio of 2.31 and a current ratio of 4.16.

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.