Aecon Group (TSE:ARE) Stock Price Expected to Rise, TD Securities Analyst Says

Aecon Group (TSE:ARE) had its price objective raised by equities researchers at TD Securities from C$39.00 to C$47.00 in a report issued on Monday,BayStreet.CA reports. TD Securities’ target price points to a potential upside of 15.59% from the stock’s previous close.

Separately, Stifel Nicolaus lifted their target price on shares of Aecon Group from C$30.00 to C$34.25 and gave the company a “hold” rating in a report on Friday, February 6th. Three research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Aecon Group has a consensus rating of “Hold” and a consensus target price of C$37.48.

Aecon Group Price Performance

Shares of TSE ARE traded up C$0.25 during trading on Monday, reaching C$40.66. The company had a trading volume of 454,598 shares, compared to its average volume of 385,928. Aecon Group has a 52 week low of C$15.21 and a 52 week high of C$41.90. The stock has a market cap of C$2.57 billion, a PE ratio of 290.43, a PEG ratio of 18.18 and a beta of 1.10. The company has a debt-to-equity ratio of 65.17, a quick ratio of 1.27 and a current ratio of 1.10. The business’s 50 day moving average price is C$35.12 and its 200-day moving average price is C$29.25.

Aecon Group (TSE:ARE) last posted its quarterly earnings results on Thursday, March 5th. The company reported C$0.52 earnings per share (EPS) for the quarter. Aecon Group had a net margin of 0.28% and a return on equity of 1.66%. The firm had revenue of C$1.54 billion for the quarter. Analysts expect that Aecon Group will post 1.3793321 earnings per share 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.