National Bankshares Raises Aecon Group (TSE:ARE) Price Target to C$18.00

Aecon Group (TSE:ARE) had its price objective upped by analysts at National Bankshares from C$15.00 to C$18.00 in a research note issued to investors on Friday, BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. National Bankshares’ price target suggests a potential upside of 5.57% from the stock’s previous close.

A number of other research analysts also recently issued reports on the stock. Raymond James boosted their target price on shares of Aecon Group from C$14.00 to C$16.00 and gave the company a “market perform” rating in a research report on Thursday, March 7th. BMO Capital Markets boosted their target price on shares of Aecon Group from C$17.50 to C$18.50 in a research report on Friday. Desjardins boosted 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 report on Thursday, March 7th. Royal Bank of Canada boosted their target price on shares of Aecon Group from C$10.00 to C$13.00 and gave the company a “sector perform” rating in a research report on Thursday, March 7th. Finally, ATB Capital boosted their target price on shares of Aecon Group from C$15.25 to C$19.50 and gave the company an “outperform” rating in a research report on Thursday, March 7th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$19.17.

Aecon Group Price Performance

Shares of ARE opened at C$17.05 on Friday. The firm 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 current ratio of 1.42 and a quick ratio of 1.27. Aecon Group has a 1-year low of C$8.42 and a 1-year high of C$17.40. 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 (TSE:ARE) last announced its quarterly earnings data on Wednesday, April 24th. The company reported C($0.10) earnings per share for the quarter, beating analysts’ consensus estimates of C($0.14) by C$0.04. The firm had revenue of C$846.59 million for the quarter, compared to analyst estimates of C$1.03 billion. Aecon Group had a net margin of 3.49% and a return on equity of 16.04%. On average, equities research analysts predict that Aecon Group will post 0.7603047 EPS for the current year.

Insiders Place Their Bets

In related news, Director Stuart Lee purchased 7,000 shares of Aecon Group stock in a transaction that occurred 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. In related news, Senior Officer Adam Robert Borgatti purchased 4,231 shares of Aecon Group stock in a transaction that occurred on 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, Director Stuart Lee purchased 7,000 shares of Aecon Group stock in a transaction that occurred on Friday, March 22nd. The shares were bought at an average price of C$16.33 per share, with a total value of C$114,310.00. 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.