BMO Capital Markets Boosts Aecon Group (TSE:ARE) Price Target to C$27.00

Aecon Group (TSE:ARE - Get Free Report) had its price objective raised by research analysts at BMO Capital Markets from C$16.50 to C$27.00 in a report issued on Monday, BayStreet.CA reports. BMO Capital Markets' target price suggests a potential downside of 5.56% from the company's current price.

Other equities analysts also recently issued reports about the company. Raymond James lifted their target price on Aecon Group from C$16.00 to C$24.00 and gave the company a "market perform" rating in a research note on Wednesday, October 30th. Stifel Canada raised Aecon Group from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 25th. Stifel Nicolaus boosted their price objective on Aecon Group from C$30.00 to C$31.00 in a research report on Friday, October 4th. Canaccord Genuity Group lifted their target price on Aecon Group from C$28.00 to C$33.00 in a research note on Monday. Finally, National Bankshares raised Aecon Group from a "sector perform" rating to an "outperform" rating and raised their price target for the company from C$17.00 to C$20.50 in a report on Monday, July 29th. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Aecon Group presently has a consensus rating of "Moderate Buy" and a consensus target price of C$25.57.

Aecon Group Stock Performance

ARE stock traded up C$1.07 during trading on Monday, hitting C$28.59. 751,386 shares of the company's stock traded hands, compared to its average volume of 294,325. The stock has a fifty day moving average price of C$20.62 and a two-hundred day moving average price of C$17.87. The company has a quick ratio of 1.27, a current ratio of 1.35 and a debt-to-equity ratio of 32.86. Aecon Group has a 52 week low of C$10.30 and a 52 week high of C$28.63. The stock has a market capitalization of C$1.79 billion, a price-to-earnings ratio of -104.44, a price-to-earnings-growth ratio of 18.18 and a beta of 1.13.

Insider Activity

In related news, Senior Officer Timothy John Murphy acquired 4,244 shares of the company's stock in a transaction on Thursday, August 8th. The shares were purchased at an average price of C$17.66 per share, for a total transaction of C$74,969.84. 0.82% of the stock is owned by corporate insiders.

Aecon Group Company Profile

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.