Stifel Nicolaus Increases Aecon Group (TSE:ARE) Price Target to C$34.25

Aecon Group (TSE:ARE) had its price objective boosted by investment analysts at Stifel Nicolaus from C$30.00 to C$34.25 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. Stifel Nicolaus’ target price indicates a potential downside of 8.15% from the company’s previous close.

A number of other analysts have also recently commented on the stock. Royal Bank Of Canada upped their price target on shares of Aecon Group from C$26.00 to C$30.00 and gave the company a “sector perform” rating in a research note on Monday, November 3rd. Raymond James Financial downgraded Aecon Group from a “moderate buy” rating to a “hold” rating and increased their target price for the stock from C$26.00 to C$33.00 in a research report on Friday, October 31st. Desjardins lowered Aecon Group from a “buy” rating to a “hold” rating and raised their price target for the stock from C$22.00 to C$35.00 in a report on Friday, October 31st. TD Securities lifted their price target on Aecon Group from C$34.00 to C$39.00 and gave the company a “buy” rating in a research report on Sunday, November 2nd. Finally, Canadian Imperial Bank of Commerce cut Aecon Group from an “outperform” rating to a “hold” rating and increased their price objective for the stock from C$29.00 to C$35.00 in a report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Aecon Group has an average rating of “Moderate Buy” and an average target price of C$33.43.

Aecon Group Trading Up 7.2%

Shares of Aecon Group stock opened at C$37.29 on Friday. Aecon Group has a 52-week low of C$15.21 and a 52-week high of C$37.34. The stock’s 50-day simple moving average is C$32.35 and its 200 day simple moving average is C$26.69. The stock has a market capitalization of C$2.36 billion, a P/E ratio of 266.36, a P/E/G ratio of 18.18 and a beta of 1.36. The company has a debt-to-equity ratio of 32.84, a quick ratio of 1.27 and a current ratio of 1.19.

Aecon Group (TSE:ARE) last issued its earnings results on Wednesday, October 29th. The company reported C$0.53 earnings per share for the quarter. The firm had revenue of C$1.53 billion during the quarter. Aecon Group had a negative net margin of 1.56% and a negative return on equity of 6.40%. As a group, research analysts anticipate that Aecon Group will post 1.3793321 EPS for the current year.

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. Aecon generates the majority of its revenue from the Construction segment.