Stifel Nicolaus Has Lowered Expectations for Aecon Group (TSE:ARE) Stock Price

Aecon Group (TSE:ARE) had its target price decreased by analysts at Stifel Nicolaus from C$19.00 to C$16.00 in a report released on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price target would indicate a potential downside of 7.73% from the stock’s current price.

Several other research firms have also issued reports on ARE. Royal Bank of Canada dropped their price objective on Aecon Group from C$27.00 to C$20.00 in a research note on Monday, March 10th. CIBC boosted their target price on shares of Aecon Group from C$30.00 to C$31.00 in a research note on Thursday. National Bankshares raised shares of Aecon Group from a “sector perform” rating to an “outperform” rating in a research note on Monday, March 10th. BMO Capital Markets reduced their price objective on Aecon Group from C$29.00 to C$24.00 in a report on Friday, March 7th. Finally, Stifel Canada cut Aecon Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 6th. Four analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$25.07.

Aecon Group Trading Up 0.8 %

Shares of ARE opened at C$17.34 on Thursday. Aecon Group has a 12-month low of C$13.03 and a 12-month high of C$29.70. The firm has a market capitalization of C$1.10 billion, a price-to-earnings ratio of -17.06, a P/E/G ratio of 18.18 and a beta of 1.13. The stock’s 50-day moving average price is C$19.32 and its 200 day moving average price is C$23.49. The company has a quick ratio of 1.27, a current ratio of 1.19 and a debt-to-equity ratio of 32.84.

Insider Buying and Selling

In other Aecon Group news, Director Stuart Lee bought 5,700 shares of Aecon Group stock in a transaction on Monday, March 10th. The shares were purchased at an average cost of C$18.35 per share, for a total transaction of C$104,595.00. 0.82% of the stock is owned by insiders.

Aecon Group Company Profile

Aecon Group Inc is a Canada-based company that operates in two segments: Construction and Concessions. The Construction segment includes various aspects of the construction of public and private infrastructure projects, mainly in the transportation sector. Its concessions segment is engaged in the development, financing, construction, and operation of infrastructure projects.