Aecon Group Inc (ARE) Insider Alistair Maccallum Sells 769 Shares

Aecon Group Inc (TSE:ARE) insider Alistair Maccallum sold 769 shares of Aecon Group stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of C$19.06, for a total transaction of C$14,657.14.

Aecon Group stock traded up C$0.02 during trading on Friday, hitting C$19.69. The company had a trading volume of 237,600 shares, compared to its average volume of 367,112. Aecon Group Inc has a 1-year low of C$14.27 and a 1-year high of C$20.06. The company has a current ratio of 1.46, a quick ratio of 1.21 and a debt-to-equity ratio of 90.76.

ARE has been the subject of several research reports. AltaCorp Capital upgraded shares of Aecon Group from a “sector perform” rating to an “outperform” rating in a report on Monday, October 29th. National Bank Financial lifted their target price on shares of Aecon Group from C$18.00 to C$19.00 and gave the company an “outperform” rating in a report on Monday, July 30th. Canaccord Genuity lifted their target price on shares of Aecon Group from C$22.00 to C$23.00 in a report on Thursday, October 4th. Royal Bank of Canada lifted their target price on shares of Aecon Group from C$18.00 to C$20.00 and gave the company a “sector perform” rating in a report on Monday, October 29th. Finally, Desjardins lifted their target price on shares of Aecon Group from C$20.00 to C$21.00 and gave the company a “buy” rating in a report on Monday, July 30th. One equities research 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 presently has a consensus rating of “Buy” and an average price target of C$22.00.

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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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