ATB Capital Boosts Aecon Group (TSE:ARE) Price Target to C$21.00

Aecon Group (TSE:ARE) had its target price upped by stock analysts at ATB Capital from C$19.50 to C$21.00 in a research report issued on Friday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. ATB Capital’s target price suggests a potential upside of 23.17% from the company’s previous close.

Several other research analysts also recently weighed in on the stock. Desjardins upped their target price on shares of Aecon Group from C$16.00 to C$20.00 and gave the company a “buy” rating in a research note on Thursday, March 7th. Paradigm Capital upped their target price on shares of Aecon Group from C$14.00 to C$17.80 and gave the company a “hold” rating in a research note on Friday. Raymond James upped their target price on shares of Aecon Group from C$16.00 to C$17.00 and gave the company a “market perform” rating in a research note on Friday. National Bankshares upped their target price on shares of Aecon Group from C$15.00 to C$18.00 and gave the company a “sector perform” rating in a research note on Friday. Finally, Stifel Nicolaus upped their price target on shares of Aecon Group from C$17.00 to C$18.25 in a report on Friday. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$19.17.

Aecon Group Price Performance

Shares of TSE:ARE opened at C$17.05 on Friday. The company has a market cap of C$1.06 billion, a P/E ratio of 8.12, a P/E/G ratio of 18.18 and a beta of 1.16. The business has a fifty day simple moving average of C$16.15 and a 200-day simple moving average of C$13.58. Aecon Group has a 52 week low of C$8.42 and a 52 week high of C$17.40. 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 (TSE:ARE) last issued 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 return on equity of 16.04% and a net margin of 3.49%. The firm had revenue of C$846.59 million for the quarter, compared to analyst estimates of C$1.03 billion. Equities research analysts forecast that Aecon Group will post 0.7603047 EPS for the current year.

Insiders Place Their Bets

In other Aecon Group news, Senior Officer Martina Doyle sold 2,265 shares of the stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of C$16.42, for a total transaction of C$37,191.30. In other Aecon Group news, Director Stuart Lee bought 7,000 shares of the company’s stock in a transaction on Friday, March 22nd. The shares were bought at an average cost of C$16.33 per share, with a total value 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 transaction of C$37,191.30. 1.72% of the stock is owned by corporate insiders.

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.