Raymond James Lowers Aecon Group (TSE:ARE) Price Target to C$21.00

Aecon Group (TSE:ARE) had its price objective reduced by equities researchers at Raymond James from C$23.00 to C$21.00 in a research note issued on Monday,BayStreet.CA reports. Raymond James’ price target suggests a potential upside of 31.99% from the stock’s current price.

ARE has been the topic of a number of other research reports. National Bankshares raised Aecon Group from a “sector perform” rating to an “outperform” rating in a research report on Monday, March 10th. Stifel Nicolaus cut their target price on shares of Aecon Group from C$16.00 to C$14.00 in a research note on Friday, April 25th. Desjardins lowered their price target 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. CIBC cut their price objective on Aecon Group from C$31.00 to C$24.00 in a research report on Friday, April 25th. Finally, BMO Capital Markets decreased their target price on Aecon Group from C$20.00 to C$19.00 in a report on Friday, April 25th. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Aecon Group currently has an average rating of “Buy” and an average target price of C$22.90.

Aecon Group Price Performance

ARE stock opened at C$15.91 on Monday. The company has a current ratio of 1.19, a quick ratio of 1.27 and a debt-to-equity ratio of 32.84. The stock has a market cap of C$1.01 billion, a PE ratio of -15.65, a price-to-earnings-growth ratio of 18.18 and a beta of 1.13. The stock has a 50-day moving average price of C$18.22 and a two-hundred day moving average price of C$23.22. Aecon Group has a 1 year low of C$13.03 and a 1 year high of C$29.70.

Insider Buying and Selling

In other Aecon Group news, Director Stuart Lee purchased 5,700 shares of the stock in a transaction dated Monday, March 10th. The stock was bought at an average price of C$18.35 per share, with a total value of C$104,595.00. 0.82% of the stock is currently owned by company 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.