Aecon Group (TSE:ARE – Get Free Report) had its target price raised by equities research analysts at CIBC from C$22.00 to C$23.00 in a report issued on Friday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. CIBC’s target price would indicate a potential upside of 35.21% from the company’s current price.
A number of other research analysts have also commented on ARE. Raymond James lifted their price objective on shares of Aecon Group from C$14.00 to C$16.00 and gave the company a “market perform” rating in a research note on Thursday, March 7th. Royal Bank of Canada boosted their price target on shares of Aecon Group from C$10.00 to C$13.00 and gave the stock a “sector perform” rating in a research note on Thursday, March 7th. Canaccord Genuity Group boosted 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 research note on Thursday, March 7th. BMO Capital Markets boosted their price target on shares of Aecon Group from C$17.50 to C$18.50 in a research note on Friday. Finally, TD Securities boosted 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 research note on Friday, March 8th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$19.17.
Aecon Group Stock Down 0.6 %
Aecon Group (TSE:ARE – Get Free Report) last announced its quarterly earnings results on Wednesday, April 24th. The company reported C($0.10) earnings per share for the quarter, beating analysts’ consensus estimates of C($0.14) by C$0.04. Aecon Group had a net margin of 3.49% and a return on equity of 16.04%. The firm had revenue of C$846.59 million during the quarter, compared to analysts’ expectations of C$1.03 billion. As a group, analysts forecast that Aecon Group will post 0.7603047 earnings per share for the current fiscal year.
Insider Buying and Selling at Aecon Group
In other Aecon Group news, Senior Officer Adam Robert Borgatti purchased 4,231 shares of Aecon Group stock in a transaction on Tuesday, March 26th. The shares were bought at an average price of C$13.07 per share, with a total value of C$55,299.17. In related news, Senior Officer Martina Doyle sold 2,265 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of C$16.42, for a total transaction of C$37,191.30. Also, Senior Officer Adam Robert Borgatti acquired 4,231 shares of Aecon Group stock in a transaction that occurred on Tuesday, March 26th. The shares were purchased at an average cost of C$13.07 per share, for a total transaction of C$55,299.17. Insiders own 1.72% of the company’s stock.
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.
Read More
- Five stocks we like better than Aecon Group
- 3 Warren Buffett Stocks to Buy Now
- 3 Stocks Leading the U.S. Agriculture Comeback
- What Makes a Stock a Good Dividend Stock?
- How to Use Put Debit Spreads to Profit From Falling Stocks
- Roth IRA Calculator: Calculate Your Potential Returns
- Alphabet Changes the Narrative with Its First-Ever Dividend
Receive News & Ratings for Aecon Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aecon Group and related companies with MarketBeat.com's FREE daily email newsletter.