Aecon Group (TSE:ARE) PT Raised to C$22.00

Aecon Group (TSE:ARE) had its price objective upped by analysts at CIBC from C$21.00 to C$22.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. CIBC’s price target would indicate a potential upside of 29.11% from the company’s previous close.

ARE has been the subject of a number of other reports. Stifel Nicolaus upped their price target on Aecon Group from C$13.00 to C$16.50 and gave the company a “hold” rating in a report on Thursday, March 7th. Royal Bank of Canada upped their price target on Aecon Group from C$10.00 to C$13.00 and gave the company a “sector perform” rating in a report on Thursday, March 7th. TD Securities upped their price target on Aecon Group from C$14.00 to C$18.50 and gave the company a “hold” rating in a report on Friday, March 8th. BMO Capital Markets boosted their price objective 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 boosted their price objective on Aecon Group from C$10.50 to C$15.00 and gave the company a “sector perform” rating in a research note on Thursday, March 7th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Aecon Group currently has an average rating of “Moderate Buy” and an average target price of C$18.23.

Aecon Group Stock Up 0.1 %

Shares of TSE:ARE opened at C$17.04 on Thursday. The company has a debt-to-equity ratio of 39.29, a current ratio of 1.42 and a quick ratio of 1.27. The firm has a market capitalization of C$1.06 billion, a PE ratio of 8.11, a price-to-earnings-growth ratio of 18.18 and a beta of 1.16. The firm’s 50-day moving average is C$15.86 and its two-hundred day moving average is C$13.37. Aecon Group has a 1 year low of C$8.42 and a 1 year high of C$17.40.

Aecon Group (TSE:ARE) last announced its quarterly earnings data on Tuesday, March 5th. The company reported C$0.15 EPS for the quarter, missing analysts’ consensus estimates of C$0.17 by C($0.02). Aecon Group had a return on equity of 16.04% and a net margin of 3.49%. The company had revenue of C$1.13 billion for the quarter, compared to analyst estimates of C$1.22 billion. Analysts predict that Aecon Group will post 0.7603047 EPS for the current year.

Insider Transactions at Aecon Group

In related news, Director Stuart Lee purchased 7,000 shares of the business’s stock in a transaction dated Friday, March 22nd. The stock was acquired at an average price of C$16.33 per share, for a total transaction of C$114,310.00. In other Aecon Group news, Director Stuart Lee acquired 7,000 shares of the business’s stock in a transaction on Friday, March 22nd. The stock was purchased at an average price of C$16.33 per share, for a total transaction of C$114,310.00. Also, Senior Officer Martina Doyle sold 2,265 shares of the 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. 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.