Aecon Group (TSE:ARE - Get Free Report) was upgraded by equities researchers at National Bankshares from a "sector perform" rating to an "outperform" rating in a report issued on Monday,BayStreet.CA reports.
Several other brokerages have also weighed in on ARE. TD Securities decreased their price objective on Aecon Group from C$35.00 to C$30.00 and set a "buy" rating for the company in a report on Friday, March 7th. Desjardins decreased their price objective on Aecon Group from C$32.00 to C$29.00 and set a "buy" rating for the company in a report on Friday, March 7th. BMO Capital Markets reduced their target price on Aecon Group from C$29.00 to C$24.00 in a report on Friday, March 7th. Stifel Canada lowered Aecon Group from a "strong-buy" rating to a "hold" rating in a report on Thursday, March 6th. Finally, National Bank Financial lowered Aecon Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, December 3rd. Six analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of C$25.25.
Check Out Our Latest Stock Analysis on ARE
Aecon Group Stock Performance
ARE traded up C$0.56 during trading hours on Monday, hitting C$17.76. The stock had a trading volume of 315,273 shares, compared to its average volume of 454,106. The company's fifty day simple moving average is C$23.44 and its 200 day simple moving average is C$23.88. Aecon Group has a 1 year low of C$13.03 and a 1 year high of C$29.70. The stock has a market cap of C$1.12 billion, a PE ratio of -17.47, a price-to-earnings-growth ratio of 18.18 and a beta of 1.13. The company has a quick ratio of 1.27, a current ratio of 1.19 and a debt-to-equity ratio of 32.84.
Insider Activity
In related news, Director Stuart Lee bought 5,700 shares of the company's stock in a transaction on Monday, March 10th. The shares were acquired at an average cost of C$18.35 per share, with a total value of C$104,595.00. Insiders own 0.82% of the company's stock.
About Aecon Group
(
Get Free Report)
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.
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