Aecon Group (TSE:ARE) PT Raised to C$18.25

Aecon Group (TSE:ARE) had its price target boosted by equities researchers at Stifel Nicolaus from C$17.00 to C$18.25 in a report released on Friday, BayStreet.CA reports. Stifel Nicolaus’ target price would suggest a potential upside of 7.04% from the stock’s current price.

Other research analysts have also recently issued research reports about the company. Desjardins raised their target price on Aecon Group from C$16.00 to C$20.00 and gave the company a “buy” rating in a research note on Thursday, March 7th. Raymond James raised their target price on Aecon Group from C$14.00 to C$16.00 and gave the company a “market perform” rating in a research note on Thursday, March 7th. CIBC raised their target price on Aecon Group from C$21.00 to C$22.00 and gave the company an “outperform” rating in a research note on Thursday, April 18th. BMO Capital Markets raised their target price on Aecon Group from C$14.50 to C$17.50 and gave the company an “outperform” rating in a research note on Thursday, March 7th. Finally, National Bankshares increased their price target on Aecon Group from C$10.50 to C$15.00 and gave the company a “sector perform” rating in a research report on Thursday, March 7th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$19.17.

Aecon Group Trading Down 0.4 %

TSE:ARE opened at C$17.05 on Friday. Aecon Group has a 1 year low of C$8.42 and a 1 year high of C$17.40. 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 fifty day moving average of C$16.15 and a 200-day moving average of C$13.58. 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 earnings results on Wednesday, April 24th. The company reported C($0.10) earnings per share for the quarter, beating the consensus estimate of C($0.14) by C$0.04. Aecon Group had a return on equity of 16.04% and a net margin of 3.49%. The business had revenue of C$846.59 million during the quarter, compared to analysts’ expectations of C$1.03 billion. Equities analysts predict that Aecon Group will post 0.7603047 earnings per share for the current year.

Insider Buying and Selling

In related news, Senior Officer Martina Doyle sold 2,265 shares of the stock in a transaction dated 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 related news, Senior Officer Martina Doyle sold 2,265 shares of the stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of C$16.42, for a total value of C$37,191.30. Also, Director Stuart Lee acquired 7,000 shares of Aecon Group stock in a transaction that occurred on Friday, March 22nd. The stock was acquired at an average cost of C$16.33 per share, with a total value of C$114,310.00. Company 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.