Aecon Group (TSE:ARE) had its price objective upped by investment analysts at National Bank Financial from C$21.50 to C$24.00 in a report released on Monday. National Bank Financial’s price target suggests a potential upside of 34.30% from the stock’s current price.
Several other research analysts have also recently issued reports on ARE. CIBC raised their target price on Aecon Group from C$21.00 to C$23.00 in a research report on Tuesday, January 15th. Canaccord Genuity boosted their target price on Aecon Group from C$23.00 to C$24.00 in a research report on Tuesday, December 18th. Finally, Raymond James reissued a “strong-buy” rating and set a C$23.00 target price on shares of Aecon Group in a research report on Wednesday, March 6th. One analyst has rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the stock. Aecon Group has an average rating of “Buy” and a consensus price target of C$22.88.
Shares of TSE:ARE traded up C$0.08 on Monday, hitting C$17.87. 121,194 shares of the company traded hands, compared to its average volume of 266,745. Aecon Group has a 52 week low of C$14.27 and a 52 week high of C$19.79. The company has a debt-to-equity ratio of 78.27, a current ratio of 1.70 and a quick ratio of 0.65. The company has a market capitalization of $1.07 billion and a PE ratio of 19.01.
In related news, Director John Michael Beck sold 20,900 shares of the business’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of C$18.30, for a total transaction of C$382,470.00.
Aecon Group Company Profile
Aecon Group Inc provides construction and infrastructure development services to private and public sector clients in Canada, the United States, and internationally. It operates through four segments: Infrastructure, Energy, Mining, and Concessions. The Infrastructure segment is involved in the construction of roads and bridges, and rail and transit systems, as well as in asphalt production and aggregates, municipal construction, commercial site design, and material engineering and design activities.
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