Aecon Group (TSE:ARE) Share Price Passes Above 200 Day Moving Average – Should You Sell?

by · The Markets Daily

Aecon Group Inc. (TSE:ARE – Get Free Report)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$28.98 and traded as high as C$37.94. Aecon Group shares last traded at C$37.58, with a volume of 525,238 shares changing hands.

Analysts Set New Price Targets

Separately, Stifel Nicolaus lifted their price objective on Aecon Group from C$30.00 to C$34.25 and gave the company a “hold” rating in a research report on Friday, February 6th. Three equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Aecon Group currently has an average rating of “Hold” and a consensus target price of C$33.43.

Get Our Latest Stock Report on Aecon Group

Aecon Group Stock Up 0.7%

The company has a debt-to-equity ratio of 67.33, a quick ratio of 1.27 and a current ratio of 1.15. The firm’s 50-day moving average is C$34.95 and its two-hundred day moving average is C$28.98. The stock has a market cap of C$2.38 billion, a P/E ratio of 268.43, a PEG ratio of 18.18 and a beta of 1.36.

Aecon Group (TSE:ARE – Get Free Report) last announced its quarterly earnings data on Thursday, March 5th. The company reported C$0.52 EPS for the quarter. The firm had revenue of C$1.54 billion for the quarter. Aecon Group had a return on equity of 0.92% and a net margin of 0.16%. On average, equities research analysts anticipate that Aecon Group Inc. will post 1.3793321 earnings per share for the current year.

Aecon Group Company Profile

(Get Free Report)

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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