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

Aecon Group (TSE:ARE) had its target price reduced by Stifel Nicolaus from C$16.00 to C$14.00 in a report issued on Friday,BayStreet.CA reports. Stifel Nicolaus’ price target would indicate a potential downside of 9.09% from the company’s current price.

A number of other equities research analysts also recently commented on the company. Desjardins reduced their target price on Aecon Group from C$32.00 to C$29.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. National Bankshares upgraded Aecon Group from a “sector perform” rating to an “outperform” rating in a report on Monday, March 10th. Stifel Canada upgraded shares of Aecon Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 17th. TD Securities dropped their price objective on Aecon Group from C$35.00 to C$30.00 and set a “buy” rating on the stock in a report on Friday, March 7th. Finally, National Bank Financial upgraded shares of Aecon Group from a “hold” rating to a “strong-buy” rating in a research note on Sunday, March 9th. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Aecon Group presently has a consensus rating of “Buy” and an average target price of C$23.10.

Aecon Group Stock Performance

Shares of Aecon Group stock opened at C$15.40 on Friday. Aecon Group has a one year low of C$13.03 and a one year high of C$29.70. The company has a debt-to-equity ratio of 32.84, a quick ratio of 1.27 and a current ratio of 1.19. The business’s 50 day moving average price is C$18.52 and its 200 day moving average price is C$23.30. The company has a market cap of C$974.29 million, a price-to-earnings ratio of -15.15, a PEG ratio of 18.18 and a beta of 1.13.

Insider Buying and Selling

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

About Aecon Group

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.