Aimia (TSE:AIM) PT Set at C$3.75 by Jefferies Financial Group

Aimia (TSE:AIM) has been assigned a C$3.75 target price by equities researchers at Jefferies Financial Group in a research report issued on Wednesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Jefferies Financial Group’s target price points to a potential upside of 38.38% from the company’s current price.

Aimia Price Performance

TSE AIM traded down C$0.09 during midday trading on Wednesday, hitting C$2.71. The company had a trading volume of 22,614 shares, compared to its average volume of 53,780. The company has a market capitalization of C$239.56 million, a PE ratio of -18.07, a P/E/G ratio of -2.30 and a beta of 0.17. The company has a current ratio of 1.96, a quick ratio of 83.33 and a debt-to-equity ratio of 47.02. The firm has a 50-day moving average price of C$2.73 and a 200-day moving average price of C$2.81. Aimia has a twelve month low of C$2.48 and a twelve month high of C$3.44.

Aimia (TSE:AIM) last released its earnings results on Tuesday, August 11th. The company reported C$0.11 earnings per share (EPS) for the quarter. The company had revenue of C$36.40 million for the quarter. Aimia had a negative return on equity of 3.98% and a negative net margin of 3.17%. As a group, analysts anticipate that Aimia will post 0.0149339 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Rhys Drennan Summerton acquired 10,000 shares of Aimia stock in a transaction on Tuesday, July 14th. The shares were purchased at an average cost of C$2.82 per share, for a total transaction of C$28,200.00. Following the completion of the purchase, the director directly owned 556,300 shares of the company’s stock, valued at approximately C$1,568,766. This represents a 1.83% increase in their position. Also, Director Robert Matthew Feingold acquired 10,000 shares of Aimia stock in a transaction on Friday, May 15th. The shares were purchased at an average price of C$2.67 per share, for a total transaction of C$26,700.00. Following the completion of the purchase, the director directly owned 150,362 shares of the company’s stock, valued at approximately C$401,466.54. This represents a 7.12% increase in their ownership of the stock. Insiders bought 190,272 shares of company stock valued at $520,748 over the last quarter. 3.34% of the stock is owned by company insiders.

About Aimia

Aimia Inc (TSX: AIM) is a holding company that makes long-term investments in private and public businesses through controlling or minority stakes. We target companies with durable economic advantages evidenced by a track record of substantial free cash flow generation over complete business cycles, strong growth prospects, and guided by strong, experienced management teams. Headquartered in Toronto, Canada, Aimia is positioned to invest in any sector, wherever a suitable opportunity can be identified worldwide.