Aecon Group (TSE:ARE) PT Raised to C$18.00 at National Bankshares

Aecon Group (TSE:ARE) had its price objective increased by equities researchers at National Bankshares from C$15.00 to C$18.00 in a research note issued on Friday, BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. National Bankshares’ target price would indicate a potential upside of 5.57% from the company’s current price.

ARE has been the subject of several other research reports. Royal Bank of Canada boosted their price target on Aecon Group from C$10.00 to C$13.00 and gave the company a “sector perform” rating in a research note on Thursday, March 7th. TD Securities upped their target price on Aecon Group from C$14.00 to C$18.50 and gave the stock a “hold” rating in a research report on Friday, March 8th. Canaccord Genuity Group upped their target price on Aecon Group from C$14.00 to C$26.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. ATB Capital upped their target price on Aecon Group from C$15.25 to C$19.50 and gave the stock an “outperform” rating in a research report on Thursday, March 7th. Finally, Stifel Nicolaus upped their target price on Aecon Group from C$17.00 to C$18.25 in a research report on Friday. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$19.17.

Aecon Group Trading Down 0.4 %

Shares of TSE ARE opened at C$17.05 on Friday. The stock has a market cap of C$1.06 billion, a price-to-earnings ratio of 8.12, a PEG ratio of 18.18 and a beta of 1.16. The business has a 50 day simple moving average of C$16.15 and a 200 day simple moving average of C$13.58. Aecon Group has a 52 week low of C$8.42 and a 52 week high of C$17.40. The company has a debt-to-equity ratio of 39.29, a quick ratio of 1.27 and a current ratio of 1.42.

Aecon Group (TSE:ARE) last announced its quarterly earnings results on Wednesday, April 24th. The company reported C($0.10) EPS for the quarter, beating the consensus estimate of C($0.14) by C$0.04. The business had revenue of C$846.59 million during the quarter, compared to analysts’ expectations of C$1.03 billion. Aecon Group had a return on equity of 16.04% and a net margin of 3.49%. On average, research analysts predict that Aecon Group will post 0.7603047 earnings per share for the current fiscal year.

Insider Transactions at Aecon Group

In related news, Senior Officer Martina Doyle sold 2,265 shares of the company’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of C$16.42, for a total value of C$37,191.30. In other news, Senior Officer Adam Robert Borgatti bought 4,231 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The stock was acquired at an average cost of C$13.07 per share, for a total transaction of C$55,299.17. Also, Senior Officer Martina Doyle sold 2,265 shares of the company’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of C$16.42, for a total value of C$37,191.30. Corporate insiders own 1.72% of the company’s stock.

About Aecon Group

Aecon Group Inc, together with its subsidiaries, provide construction and infrastructure development services to private and public sector clients in Canada, the United States, and internationally. It operates through two segments, Construction and Concessions. The Construction segment focuses on civil infrastructure, urban transportation solutions, nuclear power infrastructure, utility infrastructure, and conventional industrial infrastructure market sectors.