Aecon Group (TSE:ARE - Get Free Report) had its price objective boosted by Raymond James from C$16.00 to C$24.00 in a research report issued on Wednesday, BayStreet.CA reports. The brokerage currently has a "market perform" rating on the stock. Raymond James' target price indicates a potential upside of 4.08% from the company's current price.
ARE has been the subject of a number of other reports. Stifel Canada upgraded Aecon Group from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 25th. Canaccord Genuity Group upped their target price on Aecon Group from C$25.00 to C$28.00 and gave the company a "buy" rating in a research note on Monday, September 23rd. Stifel Nicolaus upped their target price on Aecon Group from C$30.00 to C$31.00 in a research note on Friday, October 4th. National Bank Financial upgraded Aecon Group from a "hold" rating to a "strong-buy" rating in a research note on Sunday, July 28th. Finally, TD Securities cut their target price on Aecon Group from C$17.00 to C$16.00 and set a "hold" rating for the company in a research note on Friday, July 26th. Five analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of C$22.07.
Read Our Latest Analysis on ARE
Aecon Group Stock Performance
Shares of TSE ARE traded up C$0.10 during trading hours on Wednesday, reaching C$23.06. The stock had a trading volume of 155,386 shares, compared to its average volume of 287,930. The business's fifty day moving average is C$20.21 and its two-hundred day moving average is C$17.71. The company has a debt-to-equity ratio of 32.86, a current ratio of 1.35 and a quick ratio of 1.27. The company has a market cap of C$1.44 billion, a price-to-earnings ratio of -85.37, a PEG ratio of 18.18 and a beta of 1.13. Aecon Group has a twelve month low of C$9.74 and a twelve month high of C$23.20.
Insider Transactions at Aecon Group
In other Aecon Group news, Senior Officer Timothy John Murphy bought 4,244 shares of the firm's stock in a transaction dated Thursday, August 8th. The shares were bought at an average price of C$17.66 per share, for a total transaction of C$74,969.84. Company insiders own 0.82% of the company's stock.
About Aecon Group
(
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Aecon Group Inc, together with its subsidiaries, provide construction and infrastructure development services to private and public sector clients in Canada, the United States, and internationally. It operates through two segments, Construction and Concessions. The Construction segment focuses on civil infrastructure, urban transportation solutions, nuclear power infrastructure, utility infrastructure, and conventional industrial infrastructure market sectors.
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