Aecon Group (TSE:ARE - Get Free Report) had its price target decreased by research analysts at TD Securities from C$35.00 to C$30.00 in a research report issued on Friday,BayStreet.CA reports. The firm presently has a "buy" rating on the stock. TD Securities' price objective would suggest a potential upside of 66.20% from the company's previous close.
Several other analysts also recently weighed in on the company. National Bankshares downgraded Aecon Group from an "outperform" rating to a "sector perform" rating and increased their target price for the company from C$28.00 to C$30.00 in a research note on Wednesday, December 4th. CIBC decreased their target price on Aecon Group from C$35.00 to C$33.00 in a research note on Monday, February 3rd. BMO Capital Markets increased their target price on Aecon Group from C$27.00 to C$29.00 in a research note on Friday, December 6th. National Bank Financial downgraded Aecon Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, December 3rd. Finally, Desjardins cut their price target on Aecon Group from C$32.00 to C$29.00 and set a "buy" rating for the company in a report on Friday. Six research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of C$25.25.
Check Out Our Latest Analysis on Aecon Group
Aecon Group Stock Performance
TSE:ARE traded up C$0.02 during mid-day trading on Friday, hitting C$18.05. 643,100 shares of the company's stock traded hands, compared to its average volume of 445,845. The firm has a 50 day moving average of C$24.01 and a two-hundred day moving average of C$23.93. Aecon Group has a 12 month low of C$13.03 and a 12 month high of C$29.70. The firm has a market capitalization of C$1.14 billion, a price-to-earnings ratio of -17.76, a price-to-earnings-growth ratio of 18.18 and a beta of 1.13. The company has a current ratio of 1.19, a quick ratio of 1.27 and a debt-to-equity ratio of 32.84.
Insider Transactions at Aecon Group
In related news, Director Stuart Lee bought 5,700 shares of the company's stock in a transaction dated Monday, March 10th. The stock was acquired at an average cost of C$18.35 per share, with a total value of C$104,595.00. 0.82% of the stock is currently owned by insiders.
About Aecon Group
(
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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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