Aecon Group (TSE:ARE) Price Target Raised to C$16.00 at Royal Bank of Canada

Aecon Group (TSE:ARE) had its price objective boosted by equities researchers at Royal Bank of Canada from C$13.00 to C$16.00 in a note issued to investors on Friday, BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank of Canada’s price objective indicates a potential downside of 6.16% from the stock’s current price.

Other equities research analysts have also issued reports about the company. TD Securities lifted their price target on Aecon Group from C$14.00 to C$18.50 and gave the company a “hold” rating in a research report on Friday, March 8th. Paradigm Capital lifted their price target on Aecon Group from C$14.00 to C$17.80 and gave the company a “hold” rating in a research report on Friday. Raymond James lifted their price target on Aecon Group from C$16.00 to C$17.00 and gave the company a “market perform” rating in a research report on Friday. Canaccord Genuity Group lifted their price target on Aecon Group from C$14.00 to C$26.00 and gave the company a “buy” rating in a research report on Thursday, March 7th. Finally, National Bankshares lifted their price objective on Aecon Group from C$15.00 to C$18.00 and gave the company a “sector perform” rating in a research note on Friday. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$19.17.

Aecon Group Trading Down 0.4 %

TSE ARE opened at C$17.05 on Friday. The company has a quick ratio of 1.27, a current ratio of 1.42 and a debt-to-equity ratio of 39.29. Aecon Group has a twelve month low of C$8.42 and a twelve month high of C$17.40. The firm has a market capitalization of C$1.06 billion, a PE ratio of 8.12, a P/E/G ratio of 18.18 and a beta of 1.16. The stock’s 50 day moving average is C$16.15 and its 200 day moving average is C$13.58.

Aecon Group (TSE:ARE) last released its quarterly 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 company had revenue of C$846.59 million for the quarter, compared to analyst estimates of C$1.03 billion. Research analysts forecast that Aecon Group will post 0.7603047 earnings per share for the current fiscal year.

Insider Transactions at Aecon Group

In other Aecon Group news, Senior Officer Adam Robert Borgatti purchased 4,231 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The stock was purchased at an average price of C$13.07 per share, for a total transaction of C$55,299.17. In other Aecon Group news, Senior Officer Adam Robert Borgatti purchased 4,231 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The stock was purchased at an average price of C$13.07 per share, for a total transaction of C$55,299.17. Also, Senior Officer Martina Doyle sold 2,265 shares of the company’s stock in a transaction on Wednesday, March 20th. The shares were 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.