Ventum Financial Issues Pessimistic Forecast for Atlas Engineered Products (CVE:AEP) Stock Price

Atlas Engineered Products (CVE:AEP) had its price target reduced by equities research analysts at Ventum Financial from C$2.00 to C$1.75 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. Ventum Financial’s price objective would indicate a potential upside of 52.17% from the stock’s previous close.

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

Atlas Engineered Products Price Performance

Shares of CVE AEP opened at C$1.15 on Tuesday. The firm’s 50-day moving average price is C$1.28 and its 200-day moving average price is C$1.33. Atlas Engineered Products has a 1-year low of C$0.93 and a 1-year high of C$1.70. The firm has a market capitalization of C$67.99 million, a P/E ratio of 16.43 and a beta of 1.13. The company has a current ratio of 4.16, a quick ratio of 2.31 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.