BMO Capital Markets Boosts Aecon Group (TSE:ARE) Price Target to C$18.50

Aecon Group (TSE:ARE) had its target price raised by research analysts at BMO Capital Markets from C$17.50 to C$18.50 in a research report issued on Friday, BayStreet.CA reports. BMO Capital Markets’ price target would suggest a potential upside of 8.50% from the stock’s current price.

A number of other research firms have also commented on ARE. TD Securities lifted their target price on Aecon Group from C$14.00 to C$18.50 and gave the stock a “hold” rating in a report on Friday, March 8th. ATB Capital lifted their target price on Aecon Group from C$15.25 to C$19.50 and gave the stock an “outperform” rating in a report on Thursday, March 7th. Desjardins lifted their target price on Aecon Group from C$16.00 to C$20.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. Royal Bank of Canada raised their price target on Aecon Group from C$10.00 to C$13.00 and gave the stock a “sector perform” rating in a research note on Thursday, March 7th. Finally, Canaccord Genuity Group raised their price target on Aecon Group from C$14.00 to C$26.00 and gave the stock a “buy” rating in a research note on Thursday, March 7th. Six analysts have rated the stock with a hold rating and six have given 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 Stock Down 0.4 %

ARE stock opened at C$17.05 on Friday. Aecon Group has a twelve month low of C$8.42 and a twelve month 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. The firm has a market cap 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 business has a 50 day moving average of C$16.15 and a 200 day moving average of C$13.58.

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

Insider Activity at Aecon Group

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