Aecon Group (TSE:ARE) Price Target Raised to C$41.00 at Royal Bank Of Canada

Aecon Group (TSE:ARE) had its target price upped by Royal Bank Of Canada from C$30.00 to C$41.00 in a research report released on Tuesday,BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

ARE has been the subject of several other reports. TD Securities boosted their price objective on Aecon Group from C$39.00 to C$47.00 and gave the company a “buy” rating in a report on Monday. National Bank Financial increased their target price on Aecon Group from C$35.00 to C$45.00 and gave the stock an “outperform” rating in a report on Monday. Raymond James Financial lifted their target price on Aecon Group from C$33.00 to C$41.00 and gave the stock a “market perform” rating in a research report on Tuesday. Stifel Nicolaus lowered their price target on Aecon Group from C$34.25 to C$28.75 and set a “hold” rating for the company in a report on Monday. Finally, Canaccord Genuity Group upped their price target on Aecon Group from C$40.00 to C$52.00 and gave the company a “buy” rating in a research report on Monday. Three equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Aecon Group currently has a consensus rating of “Hold” and an average target price of C$39.38.

Aecon Group Price Performance

Shares of ARE stock opened at C$41.93 on Tuesday. The firm has a fifty day moving average of C$35.51 and a two-hundred day moving average of C$29.54. The firm has a market cap of C$2.65 billion, a P/E ratio of 299.50, a P/E/G ratio of 18.18 and a beta of 1.10. Aecon Group has a 1-year low of C$15.21 and a 1-year high of C$42.40. The company has a debt-to-equity ratio of 65.17, a current ratio of 1.10 and a quick ratio of 1.27.

Aecon Group (TSE:ARE) last issued its earnings results on Thursday, March 5th. The company reported C$0.52 earnings per share (EPS) for the quarter. Aecon Group had a net margin of 0.28% and a return on equity of 1.66%. The business had revenue of C$1.54 billion for the quarter. As a group, research analysts anticipate that Aecon Group will post 1.3793321 earnings per share for the current fiscal year.

Aecon Group News Roundup

Here are the key news stories impacting Aecon Group this week:

• Positive Sentiment: Canaccord Genuity raised its target to C$52.00 and kept a “buy” rating — the most bullish call, implying ~27.5% upside from the recent reference price. BayStreet.CA TickerReport
• Positive Sentiment: TD Securities raised its target to C$47.00 and maintains a “buy” rating, signaling material upside versus recent levels. BayStreet.CA
• Positive Sentiment: National Bank Financial bumped its target to C$45.00 and set an “outperform” rating — another institutional endorsement of upside. BayStreet.CA
• Neutral Sentiment: Royal Bank of Canada raised its target to C$41.00 but kept a “sector perform” call (target now roughly in line with recent levels). BayStreet.CA
• Neutral Sentiment: Raymond James raised its target to C$41.00 with a “market perform” rating — an upgrade in target but still a neutral stance. BayStreet.CA
• Neutral Sentiment: ATB Cormark raised its target to C$39.00 and kept “sector perform,” a modest move that remains close to recent prices. BayStreet.CA
• Negative Sentiment: Stifel Nicolaus cut its target to C$28.75 and maintained a “hold,” the most bearish call and the largest downside among recent updates. BayStreet.CA

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.