Aecon Group Inc. (TSE:ARE) Receives C$33.00 Average PT from Analysts

Shares of Aecon Group Inc. (TSE:ARE) have been given an average recommendation of “Hold” by the twelve analysts that are currently covering the company, Marketbeat.com reports. Eight equities research 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. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$33.00.

A number of equities analysts have weighed in on ARE shares. BMO Capital Markets increased their price target on shares of Aecon Group from C$25.00 to C$30.00 in a research note on Friday, October 31st. Canaccord Genuity Group boosted their price objective on shares of Aecon Group from C$29.00 to C$40.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Royal Bank Of Canada upped their price objective on Aecon Group from C$26.00 to C$30.00 and gave the stock a “sector perform” rating in a report on Monday, November 3rd. Desjardins cut Aecon Group from a “buy” rating to a “hold” rating and lifted their target price for the company from C$22.00 to C$35.00 in a report on Friday, October 31st. Finally, TD Securities boosted their price target on Aecon Group from C$34.00 to C$39.00 and gave the company a “buy” rating in a research report on Sunday, November 2nd.

Aecon Group Stock Down 1.4%

Shares of TSE:ARE opened at C$33.88 on Friday. The company has a current ratio of 1.19, a quick ratio of 1.27 and a debt-to-equity ratio of 32.84. The firm has a market cap of C$2.14 billion, a price-to-earnings ratio of 242.00, a PEG ratio of 18.18 and a beta of 1.51. The stock’s 50-day moving average price is C$30.53 and its two-hundred day moving average price is C$25.66. Aecon Group has a 12-month low of C$15.21 and a 12-month high of C$35.10.

Aecon Group (TSE:ARE) last announced its quarterly earnings data on Wednesday, October 29th. The company reported C$0.53 earnings per share for the quarter. Aecon Group had a negative net margin of 1.56% and a negative return on equity of 6.40%. The business had revenue of C$1.53 billion for the quarter. On average, research analysts forecast that Aecon Group will post 1.3793321 EPS for the current year.

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. Aecon generates the majority of its revenue from the Construction segment.