Atlas Engineered Products (CVE:AEP) Given a C$1.35 Price Target at Desjardins

Key Points

• Atlas Engineered Products (CVE:AEP) received a target price of C$1.35 from Desjardins, indicating a potential upside of 70.89% based on its previous close.
• Raymond James Financial has set a C$1.50 price target for the company, maintaining a "buy" rating.
• Atlas Engineered Products' stock has recently traded at C$0.79, showing an increase of 8.2% with a market cap of C$55.50 million.

Desjardins set a C$1.35 target price on Atlas Engineered Products (CVE:AEP - Free Report) in a research note published on Tuesday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Separately, Raymond James Financial set a C$1.50 price objective on Atlas Engineered Products and gave the stock a "buy" rating in a research note on Wednesday, May 28th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of C$1.53.

Atlas Engineered Products Stock Performance

AEP stock traded up C$0.02 during midday trading on Tuesday, reaching C$0.85. The company had a trading volume of 57,872 shares, compared to its average volume of 103,783. The firm has a market capitalization of C$59.71 million, a PE ratio of -42.50 and a beta of 0.34. The stock has a 50 day moving average price of C$0.80 and a 200 day moving average price of C$0.84. Atlas Engineered Products has a fifty-two week low of C$0.67 and a fifty-two week high of C$1.45. The company has a quick ratio of 2.31, a current ratio of 4.16 and a debt-to-equity ratio of 62.14.

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.