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Armtec Infrastructure PT Lowered to $2.75 (ARF)

Posted byKristian Goreon Nov 9th, 2012 //No Comments

Armtec Infrastructure (TSE: ARF)had its price target lowered by TD Securities from $3.00 to $2.75 in a research note released on Friday morning. They currently have a sector perform rating on the stock.

A number of other analysts have also recently weighed in on ARF. Analysts at Scotia Capital upgraded shares of Armtec Infrastructure from an underperform rating to a sector perform rating in a research note to investors on Friday. They now have a $3.00 price target on the stock, up previously from $2.50. Analysts at BMO Capital Markets raised their price target on shares of Armtec Infrastructure from $1.50 to $3.50 in a research note to investors on Monday, August 13th. They now have a market perform rating on the stock.

Shares of Armtec Infrastructure traded down 2.06% during mid-day trading on Friday, hitting $2.38. Armtec Infrastructure has a 52 week low of $1.25 and a 52 week high of $3.60.

Armtec Infrastructure Income Fund (the Fund) is an open-ended, limited purpose trust. It is a manufacturer and marketer of a range of infrastructure products and engineered construction solutions for customers in diverse industries that are located in Canada and North America.