Aecon Group (TSE:ARE - Get Free Report) had its target price cut by Raymond James from C$28.00 to C$23.00 in a research note issued on Friday,BayStreet.CA reports. The firm presently has a "market perform" rating on the stock. Raymond James' price target indicates a potential upside of 27.42% from the stock's previous close.
A number of other equities research analysts have also weighed in on ARE. CIBC lowered their target price on shares of Aecon Group from C$33.00 to C$30.00 in a report on Friday. Desjardins lowered their target price on shares of Aecon Group from C$32.00 to C$29.00 and set a "buy" rating on the stock in a report on Friday. TD Securities lowered their target price on shares of Aecon Group from C$35.00 to C$30.00 and set a "buy" rating on the stock in a report on Friday. Stifel Nicolaus lowered shares of Aecon Group from a "buy" rating to a "hold" rating and lowered their target price for the stock from C$31.00 to C$19.00 in a report on Friday. Finally, BMO Capital Markets lowered their target price on shares of Aecon Group from C$29.00 to C$24.00 in a report on Friday. Six investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of C$25.25.
View Our Latest Report on Aecon Group
Aecon Group Stock Up 0.1 %
Shares of ARE traded up C$0.02 on Friday, reaching C$18.05. The company's stock had a trading volume of 643,100 shares, compared to its average volume of 445,845. The company has a current ratio of 1.19, a quick ratio of 1.27 and a debt-to-equity ratio of 32.84. Aecon Group has a twelve month low of C$13.03 and a twelve month high of C$29.70. The stock has a market capitalization of C$1.14 billion, a PE ratio of -17.76, a PEG ratio of 18.18 and a beta of 1.13. The firm has a fifty day moving average of C$24.01 and a 200-day moving average of C$23.93.
Insider Buying and Selling
In other news, Director Stuart Lee purchased 5,700 shares of the business's stock in a transaction dated Monday, March 10th. The stock was bought at an average price of C$18.35 per share, for a total transaction of C$104,595.00. 0.82% of the stock is currently owned by insiders.
Aecon Group Company Profile
(
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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