Stifel Nicolaus Raises Aecon Group (TSE:ARE) Price Target to C$44.50

Aecon Group (TSE:ARE) had its target price hoisted by analysts at Stifel Nicolaus from C$44.00 to C$44.50 in a research note issued on Friday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. Stifel Nicolaus’ target price suggests a potential downside of 4.71% from the stock’s previous close.

ARE has been the topic of several other research reports. BMO Capital Markets lifted their price target on Aecon Group from C$40.00 to C$45.00 and gave the stock an “outperform” rating in a report on Monday, March 30th. Canadian Imperial Bank of Commerce lifted their price target on Aecon Group from C$45.00 to C$48.00 in a report on Thursday, April 9th. Desjardins lifted their price target on Aecon Group from C$43.00 to C$45.00 and gave the stock a “hold” rating in a report on Monday, March 30th. Royal Bank Of Canada lifted their price target on Aecon Group from C$41.00 to C$44.00 and gave the stock a “sector perform” rating in a report on Thursday, April 9th. Finally, TD Securities lifted their price target on Aecon Group from C$47.00 to C$49.00 and gave the stock a “buy” rating in a report on Monday, March 30th. Four research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of C$46.15.

Aecon Group Trading Up 0.8%

Shares of ARE stock opened at C$46.70 on Friday. The stock’s fifty day moving average is C$40.84 and its two-hundred day moving average is C$33.62. The company has a debt-to-equity ratio of 65.17, a quick ratio of 1.27 and a current ratio of 1.10. The firm has a market capitalization of C$3.20 billion, a P/E ratio of 203.04, a PEG ratio of 18.18 and a beta of 0.97. Aecon Group has a fifty-two week low of C$15.21 and a fifty-two week high of C$47.12.

Aecon Group (TSE:ARE) last announced its quarterly earnings data on Thursday, March 5th. The company reported C$0.52 earnings per share for the quarter. The company had revenue of C$1.54 billion for the quarter. Aecon Group had a return on equity of 1.66% and a net margin of 0.28%. Research analysts expect that Aecon Group will post 1.3793321 earnings per share for the current fiscal year.

Insider Activity at Aecon Group

In related news, Director Eric Stuart Rosenfeld sold 125,000 shares of the business’s stock in a transaction dated Friday, March 27th. The shares were sold at an average price of C$41.64, for a total value of C$5,205,000.00. Following the sale, the director directly owned 184,200 shares in the company, valued at approximately C$7,670,088. The trade was a 40.43% decrease in their position. 0.82% of the stock is currently owned by corporate 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. Aecon generates the majority of its revenue from the Construction segment.