Aecon Group Inc. (TSE:ARE) Given Average Recommendation of “Hold” by Brokerages

Aecon Group Inc. (TSE:ARE) has received a consensus rating of “Hold” from the nine analysts that are presently covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is C$33.43.

A number of research analysts have weighed in on the company. Canadian Imperial Bank of Commerce lowered Aecon Group from an “outperform” rating to a “hold” rating and raised their price objective for the company from C$29.00 to C$35.00 in a report on Friday, October 31st. BMO Capital Markets raised their price target on shares of Aecon Group from C$25.00 to C$30.00 in a research note on Friday, October 31st. Desjardins lowered shares of Aecon Group from a “buy” rating to a “hold” rating and boosted their price target for the stock from C$22.00 to C$35.00 in a research report on Friday, October 31st. Stifel Nicolaus increased their price objective on shares of Aecon Group from C$30.00 to C$34.25 and gave the company a “hold” rating in a report on Friday, February 6th. Finally, Royal Bank Of Canada raised their target price on shares of Aecon Group from C$26.00 to C$30.00 and gave the stock a “sector perform” rating in a research note on Monday, November 3rd.

Aecon Group Stock Performance

Shares of TSE:ARE opened at C$36.03 on Tuesday. The company has a debt-to-equity ratio of 32.84, a current ratio of 1.19 and a quick ratio of 1.27. The business’s 50 day moving average price is C$33.26 and its 200-day moving average price is C$27.48. The firm has a market capitalization of C$2.28 billion, a PE ratio of 257.36, a P/E/G ratio of 18.18 and a beta of 1.36. Aecon Group has a 1 year low of C$15.21 and a 1 year high of C$37.99.

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.