Aecon Group (TSE:ARE) Stock Rating Lowered by Stifel Nicolaus

Aecon Group (TSE:ARE) was downgraded by research analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a research note issued on Friday,BayStreet.CA reports. They presently have a C$19.00 price target on the stock, down from their previous price target of C$31.00. Stifel Nicolaus’ price objective suggests a potential upside of 4.22% from the company’s previous close.

A number of other equities analysts have also recently issued reports on ARE. National Bankshares cut Aecon Group from an “outperform” rating to a “sector perform” rating and upped their target price for the stock from C$28.00 to C$30.00 in a report on Wednesday, December 4th. CIBC lowered their price objective on Aecon Group from C$33.00 to C$30.00 in a research note on Friday. National Bank Financial downgraded shares of Aecon Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 3rd. TD Securities reduced their target price on shares of Aecon Group from C$35.00 to C$30.00 and set a “buy” rating on the stock in a report on Friday. Finally, BMO Capital Markets dropped their price target on shares of Aecon Group from C$29.00 to C$24.00 in a research note on Friday. Seven research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$24.98.

Aecon Group Price Performance

Shares of TSE:ARE traded down C$0.46 during trading on Friday, hitting C$18.23. 977,458 shares of the company were exchanged, compared to its average volume of 420,637. Aecon Group has a 1-year low of C$13.03 and a 1-year high of C$29.70. The company has a market capitalization of C$1.15 billion, a P/E ratio of -17.93, a price-to-earnings-growth ratio of 18.18 and a beta of 1.13. The company has a quick ratio of 1.27, a current ratio of 1.19 and a debt-to-equity ratio of 32.84. The business’s 50 day moving average is C$24.38 and its 200-day moving average is C$23.88.

About Aecon Group

Aecon Group Inc is a Canada-based company that operates in two segments: Construction and Concessions. The Construction segment includes various aspects of the construction of public and private infrastructure projects, mainly in the transportation sector. Its concessions segment is engaged in the development, financing, construction, and operation of infrastructure projects.