Aecon Group (TSE:ARE – Get Rating) had its price target upped by stock analysts at TD Securities from C$10.00 to C$12.50 in a note issued to investors on Thursday, BayStreet.CA reports. The firm presently has a “hold” rating on the stock. TD Securities’ target price indicates a potential upside of 2.21% from the company’s current price.
A number of other research firms also recently commented on ARE. Stifel Nicolaus increased their price objective on shares of Aecon Group from C$11.00 to C$11.50 in a research note on Thursday. Laurentian set a C$11.50 price objective on shares of Aecon Group and gave the company a “hold” rating in a research note on Monday, January 16th. Royal Bank of Canada increased their price objective on shares of Aecon Group from C$11.00 to C$12.00 and gave the company a “sector perform” rating in a research note on Thursday. Canaccord Genuity Group increased their price objective on shares of Aecon Group from C$10.00 to C$11.00 in a research note on Thursday. Finally, ATB Capital upgraded shares of Aecon Group from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from C$14.00 to C$16.00 in a research note on Thursday. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of C$12.80.
Aecon Group Trading Up 7.6 %
TSE ARE opened at C$12.23 on Thursday. Aecon Group has a 12 month low of C$8.29 and a 12 month high of C$17.25. The company has a debt-to-equity ratio of 105.96, a current ratio of 1.39 and a quick ratio of 1.27. The company has a market capitalization of C$746.15 million, a price-to-earnings ratio of 34.94, a price-to-earnings-growth ratio of 18.18 and a beta of 1.01. The company’s fifty day moving average price is C$10.41 and its two-hundred day moving average price is C$10.22.
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 primarily on the civil infrastructure, urban transportation systems, nuclear power infrastructure, utility infrastructure, and conventional industrial infrastructure market sectors.
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