Aveda Transportation and Energy Services Gets a Buy Rating from Canaccord Genuity

By Ryan Adsit

Aveda Transportation and Energy Services (TSXV: AVE), the Materials sector company, has received a rating update from a Wall Street analyst today. Analyst Raveel Afzaal from Canaccord Genuity remains bullish on the stock and has a C$1.10 price target.

Afzaal has an average return of 122.1% when recommending Aveda Transportation and Energy Services.

According to TipRanks.com, Afzaal is ranked #2284 out of 4774 analysts.

Aveda Transportation and Energy Services has an analyst consensus of Moderate Buy, with a price target consensus of C$1.10.

Aveda Transportation and Energy Services’ market cap is currently C$55.1M and has a P/E ratio of 0.

Aveda Transportation & Energy Services, Inc. engages in the provision of transportation services and equipment for the exploration, development, and production of petroleum resources. Its rental operations include the rental of well-sites, tanks, mats, pickers, light towers, and other equipment necessary for oilfield operations.

The company’s shares closed on Monday at C$0.96, equals to its 52-week high of C$0.96.