Aecon Group (TSE:ARE – Get Rating) had its target price raised by TD Securities from C$12.50 to C$16.00 in a research report sent to investors on Thursday morning, BayStreet.CA reports. They currently have a hold rating on the stock.
ARE has been the subject of a number of other reports. Atb Cap Markets raised Aecon Group from a sector perform rating to an outperform rating in a research note on Wednesday, March 1st. Desjardins raised Aecon Group from a hold rating to a buy rating in a research note on Thursday, March 2nd. Laurentian set a C$11.50 price target on Aecon Group and gave the stock a hold rating in a research note on Monday, January 16th. ATB Capital raised Aecon Group from a sector perform rating to an outperform rating and raised their price target for the stock from C$14.00 to C$16.00 in a research note on Thursday, March 2nd. Finally, Royal Bank of Canada raised their price target on Aecon Group from C$11.00 to C$12.00 and gave the stock a sector perform rating in a research note on Thursday, March 2nd. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Aecon Group presently has an average rating of Hold and an average price target of C$13.45.
Aecon Group Price Performance
Shares of ARE stock opened at C$13.45 on Thursday. Aecon Group has a 52-week low of C$8.29 and a 52-week high of C$17.25. The company has a debt-to-equity ratio of 95.29, a quick ratio of 1.27 and a current ratio of 1.27. The firm has a market capitalization of C$827.71 million, a P/E ratio of 29.89, a P/E/G ratio of 18.18 and a beta of 1.03. The stock has a 50 day moving average price of C$11.12 and a 200 day moving average price of C$10.32.
Aecon Group Dividend Announcement
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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