Aecon Group (TSE:ARE) PT Raised to C$17.80

Aecon Group (TSE:ARE) had its price target raised by equities researchers at Paradigm Capital from C$14.00 to C$17.80 in a research report issued on Friday, BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. Paradigm Capital’s target price suggests a potential upside of 4.40% from the company’s previous close.

ARE has been the subject of a number of other reports. ATB Capital upped their price objective on shares of Aecon Group from C$15.25 to C$19.50 and gave the stock an “outperform” rating in a research report on Thursday, March 7th. Desjardins upped their price objective on shares of Aecon Group from C$16.00 to C$20.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. National Bankshares upped their price objective on shares of Aecon Group from C$15.00 to C$18.00 and gave the stock a “sector perform” rating in a research report on Friday. Raymond James upped their price objective on shares of Aecon Group from C$16.00 to C$17.00 and gave the stock a “market perform” rating in a research report on Friday. Finally, Royal Bank of Canada upped their price objective on shares of Aecon Group from C$10.00 to C$13.00 and gave the stock a “sector perform” rating in a research report on Thursday, March 7th. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$19.17.

Aecon Group Stock Performance

Shares of TSE ARE opened at C$17.05 on Friday. The company’s fifty day moving average price is C$16.15 and its 200 day moving average price is C$13.58. Aecon Group has a 1 year low of C$8.42 and a 1 year high of C$17.40. The company has a market capitalization of C$1.06 billion, a PE ratio of 8.12, a price-to-earnings-growth ratio of 18.18 and a beta of 1.16. The company has a debt-to-equity ratio of 39.29, a quick ratio of 1.27 and a current ratio of 1.42.

Aecon Group (TSE:ARE) last announced its quarterly earnings results on Wednesday, April 24th. The company reported C($0.10) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C($0.14) by C$0.04. Aecon Group had a net margin of 3.49% and a return on equity of 16.04%. The firm had revenue of C$846.59 million for the quarter, compared to the consensus estimate of C$1.03 billion. On average, research analysts predict that Aecon Group will post 0.7603047 earnings per share for the current year.

Insider Activity

In other news, Senior Officer Martina Doyle sold 2,265 shares of the stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of C$16.42, for a total value of C$37,191.30. In other news, Senior Officer Adam Robert Borgatti bought 4,231 shares of Aecon Group stock in a transaction on Tuesday, March 26th. The shares were bought at an average cost of C$13.07 per share, with a total value of C$55,299.17. Also, Senior Officer Martina Doyle sold 2,265 shares of Aecon Group stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of C$16.42, for a total transaction of C$37,191.30. Company insiders own 1.72% of the company’s stock.

Aecon Group Company Profile

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.