Aecon Group (TSE:ARE – Get Free Report) had its price objective lowered by TD Securities from C$11.50 to C$10.50 in a research report issued to clients and investors on Friday, BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. TD Securities’ target price indicates a potential upside of 12.90% from the company’s current price.
ARE has been the topic of several other reports. Desjardins lowered their target price on Aecon Group from C$19.00 to C$16.00 and set a “buy” rating on the stock in a research note on Friday, July 28th. Stifel Nicolaus decreased their price objective on Aecon Group from C$13.00 to C$12.00 and set a “hold” rating on the stock in a research note on Tuesday, October 24th. BMO Capital Markets boosted their target price on Aecon Group from C$14.00 to C$14.50 and gave the stock an “outperform” rating in a research report on Friday. Industrial Alliance Securities reduced their target price on Aecon Group from C$18.00 to C$16.00 and set a “buy” rating for the company in a research report on Friday, July 28th. Finally, CIBC upped their price objective on Aecon Group from C$11.50 to C$13.00 and gave the stock a “neutral” rating in a report on Monday, September 25th. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of C$13.25.
Aecon Group Stock Up 0.4 %
Aecon Group (TSE:ARE – Get Free Report) last issued its quarterly earnings results on Wednesday, July 26th. The company reported C$0.21 EPS for the quarter, topping analysts’ consensus estimates of C$0.13 by C$0.08. The business had revenue of C$1.17 billion for the quarter, compared to analyst estimates of C$1.15 billion. Aecon Group had a return on equity of 16.95% and a net margin of 3.60%. On average, sell-side analysts forecast that Aecon Group will post 1.0496614 earnings per share for the current fiscal year.
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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