Aimia (TSE:AIM) Upgraded to “Buy” by Industrial Alliance Securities

Industrial Alliance Securities upgraded shares of Aimia (TSE:AIM) from a speculative buy rating to a buy rating in a report published on Friday, March 29th, BayStreet.CA reports. Industrial Alliance Securities currently has C$5.50 price target on the stock, up from their prior price target of C$5.00.

Other equities research analysts also recently issued research reports about the company. TD Securities raised Aimia from a hold rating to a speculative buy rating and increased their price objective for the company from C$2.50 to C$5.00 in a report on Friday, January 11th. Raymond James reissued an outperform rating and issued a C$5.00 price objective on shares of Aimia in a report on Thursday, March 21st. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of C$4.88.

Shares of AIM traded up C$0.01 during mid-day trading on Friday, hitting C$4.17. 336,815 shares of the company’s stock were exchanged, compared to its average volume of 369,345. The stock has a market capitalization of $633.60 million and a P/E ratio of -7.09. Aimia has a 52 week low of C$1.68 and a 52 week high of C$4.60.

About Aimia

Aimia Inc, through its subsidiaries, operates as a data-driven marketing and loyalty analytics company worldwide. It operates through Coalitions, and Insights & Loyalty Solutions segments. The company owns and operates the Aeroplan Program, a coalition loyalty program in Canada, as well as non-platform based loyalty services business.

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Analyst Recommendations for Aimia (TSE:AIM)

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