TD Securities Forecasts Strong Price Appreciation for Aecon Group (TSE:ARE) Stock

Aecon Group (TSE:ARE) had its price target upped by stock analysts at TD Securities from C$34.00 to C$39.00 in a research report issued to clients and investors on Sunday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ target price suggests a potential upside of 26.01% from the stock’s current price.

A number of other equities research analysts have also commented on ARE. BMO Capital Markets upped their price target on shares of Aecon Group from C$25.00 to C$30.00 in a report on Friday. National Bankshares upped their target price on shares of Aecon Group from C$23.00 to C$26.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 24th. National Bank Financial upgraded shares of Aecon Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 1st. Atb Cap Markets cut shares of Aecon Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 30th. Finally, Canaccord Genuity Group increased their target price on shares of Aecon Group from C$29.00 to C$40.00 and gave the stock a “buy” rating in a report on Friday. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$33.00.

Aecon Group Price Performance

Shares of TSE:ARE opened at C$30.95 on Friday. The company has a 50 day moving average of C$24.11 and a 200 day moving average of C$20.94. The stock has a market cap of C$1.96 billion, a P/E ratio of 221.07, a P/E/G ratio of 18.18 and a beta of 1.48. Aecon Group has a 12 month low of C$15.21 and a 12 month high of C$35.10. The company has a current ratio of 1.19, a quick ratio of 1.27 and a debt-to-equity ratio of 32.84.

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.