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

by · The Cerbat Gem

Shares of Aecon Group Inc. (TSE:ARE – Get Free Report) have received a consensus rating of “Moderate Buy” from the thirteen brokerages that are presently covering the company, MarketBeat.com reports. Eight research analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$33.00.

A number of analysts have recently weighed in on ARE shares. Royal Bank Of Canada increased their price target on Aecon Group from C$26.00 to C$30.00 and gave the stock a “sector perform” rating in a research report on Monday, November 3rd. National Bankshares upped their price objective on Aecon Group from C$23.00 to C$26.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 24th. Atb Cap Markets cut Aecon Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 30th. CIBC downgraded shares of Aecon Group from an “outperform” rating to a “neutral” rating and boosted their price target for the company from C$29.00 to C$35.00 in a report on Friday, October 31st. Finally, Stifel Nicolaus increased their price objective on shares of Aecon Group from C$24.00 to C$30.00 in a report on Friday, October 31st.

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Aecon Group Trading Up 0.8%

Aecon Group stock opened at C$31.52 on Monday. Aecon Group has a 1 year low of C$15.21 and a 1 year high of C$35.10. The firm’s 50-day moving average is C$29.37 and its 200-day moving average is C$24.27. The company has a debt-to-equity ratio of 32.84, a quick ratio of 1.27 and a current ratio of 1.19. The company has a market cap of C$1.99 billion, a P/E ratio of 225.14, a PEG ratio of 18.18 and a beta of 1.53.

Aecon Group (TSE:ARE – Get Free Report) last released 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 firm had revenue of C$1.53 billion for the quarter. On average, equities analysts expect that Aecon Group will post 1.3793321 earnings per share for the current year.

Aecon Group Company Profile

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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.

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