Aecon Group (TSE:ARE) Price Target Cut to C$20.00 by Analysts at Royal Bank of Canada

Aecon Group (TSE:ARE) had its price objective decreased by Royal Bank of Canada from C$22.00 to C$20.00 in a research note released on Monday, BayStreet.CA reports. Royal Bank of Canada currently has a sector perform rating on the stock.

Several other equities analysts have also recently weighed in on the company. Raymond James restated a strong-buy rating and set a C$26.00 price target on shares of Aecon Group in a report on Friday, July 26th. Canaccord Genuity raised their price target on Aecon Group from C$26.00 to C$27.00 and gave the company a sector perform rating in a report on Monday, July 29th. Desjardins raised their price target on Aecon Group from C$23.00 to C$24.00 and gave the company a buy rating in a report on Monday, July 29th. TD Securities raised their price target on Aecon Group from C$23.00 to C$26.00 and gave the company a buy rating in a report on Tuesday, July 30th. Finally, CIBC raised their price target on Aecon Group from C$23.00 to C$24.00 in a report on Tuesday, July 30th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Aecon Group presently has a consensus rating of Buy and a consensus target price of C$24.29.

TSE ARE opened at C$19.08 on Monday. The stock has a market capitalization of $1.16 billion and a PE ratio of 15.42. The business has a 50 day simple moving average of C$18.22 and a two-hundred day simple moving average of C$18.67. The company has a debt-to-equity ratio of 89.23, a current ratio of 1.58 and a quick ratio of 1.47. Aecon Group has a 1-year low of C$16.62 and a 1-year high of C$21.83.

About Aecon Group

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 three segments: Infrastructure, Industrial, and Concessions. The Infrastructure segment is involved in the construction of roads and bridges, and rail and transit systems, as well as in municipal road construction, asphalt production and aggregates, material engineering and design, and foundation activities.

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Analyst Recommendations for Aecon Group (TSE:ARE)

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