Aecon Group (TSE:ARE) PT Raised to C$22.00

Aecon Group (TSE:ARE) had its price target upped by analysts at CIBC from C$21.00 to C$22.00 in a research note issued on Thursday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. CIBC’s price objective indicates a potential upside of 29.11% from the company’s current price.

A number of other research firms have also recently commented on ARE. Desjardins upped their price target on shares of Aecon Group from C$16.00 to C$20.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. BMO Capital Markets upped their price target on shares of Aecon Group from C$14.50 to C$17.50 and gave the stock an “outperform” rating in a report on Thursday, March 7th. Canaccord Genuity Group upped their price target on shares of Aecon Group from C$14.00 to C$26.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. TD Securities upped their price target on shares of Aecon Group from C$14.00 to C$18.50 and gave the stock a “hold” rating in a report on Friday, March 8th. Finally, ATB Capital upped their price target on shares of Aecon Group from C$15.25 to C$19.50 and gave the stock an “outperform” rating in a report on Thursday, March 7th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$18.23.

Aecon Group Trading Up 0.1 %

Shares of ARE opened at C$17.04 on Thursday. Aecon Group has a twelve month low of C$8.42 and a twelve month high of C$17.40. The company has a market cap of C$1.06 billion, a P/E ratio of 8.11, a P/E/G ratio of 18.18 and a beta of 1.16. The company has a current ratio of 1.42, a quick ratio of 1.27 and a debt-to-equity ratio of 39.29. The company’s fifty day simple moving average is C$15.86 and its 200-day simple moving average is C$13.37.

Aecon Group (TSE:ARE) last announced its earnings results on Tuesday, March 5th. The company reported C$0.15 earnings per share for the quarter, missing the consensus estimate of C$0.17 by C($0.02). Aecon Group had a net margin of 3.49% and a return on equity of 16.04%. The firm had revenue of C$1.13 billion during the quarter, compared to analysts’ expectations of C$1.22 billion. As a group, analysts expect that Aecon Group will post 0.7603047 EPS for the current year.

Insiders Place Their Bets

In other Aecon Group news, Senior Officer Adam Robert Borgatti bought 4,231 shares of the company’s stock in a transaction on Tuesday, March 26th. The shares were bought at an average cost of C$13.07 per share, for a total transaction of C$55,299.17. In other news, Senior Officer Martina Doyle sold 2,265 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of C$16.42, for a total value of C$37,191.30. Also, Senior Officer Adam Robert Borgatti purchased 4,231 shares of the stock in a transaction dated Tuesday, March 26th. The stock was purchased at an average price of C$13.07 per share, for a total transaction of C$55,299.17. 1.72% of the stock is owned by company 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.