Aecon Group (TSE:ARE – Get Free Report) had its target price hoisted by investment analysts at Stifel Nicolaus from C$17.00 to C$18.25 in a research report issued on Friday, BayStreet.CA reports. Stifel Nicolaus’ target price would suggest a potential upside of 7.04% from the company’s current price.
Other analysts have also issued reports about the stock. Raymond James increased their target price on shares of Aecon Group from C$14.00 to C$16.00 and gave the stock a “market perform” rating in a report on Thursday, March 7th. Desjardins increased their target price on shares of Aecon Group from C$16.00 to C$20.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. TD Securities increased their target price on shares of Aecon Group from C$14.00 to C$18.50 and gave the stock a “hold” rating in a report on Friday, March 8th. Canaccord Genuity Group increased their target price on shares of Aecon Group from C$14.00 to C$26.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. Finally, ATB Capital increased their target price on shares of Aecon Group from C$15.25 to C$19.50 and gave the stock an “outperform” rating in a 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.com, Aecon Group currently has an average rating of “Moderate Buy” and an average price target of C$19.17.
Read Our Latest Report on Aecon Group
Aecon Group Stock Down 0.4 %
Aecon Group (TSE:ARE – Get Free Report) last announced its quarterly earnings data on Wednesday, April 24th. The company reported C($0.10) earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of C$1.03 billion. On average, equities analysts anticipate that Aecon Group will post 0.7603047 earnings per share for the current year.
Insiders Place Their Bets
In other Aecon Group news, Senior Officer Martina Doyle sold 2,265 shares of the firm’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. In other Aecon Group news, Senior Officer Adam Robert Borgatti bought 4,231 shares of the stock in a transaction dated Tuesday, March 26th. The stock was purchased at an average cost 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 Aecon Group stock in a transaction that occurred 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. 1.72% of the stock is currently 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.
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