Aecon Group (TSE:ARE – Get Free Report) had its target price boosted by research analysts at Stifel Nicolaus from C$17.00 to C$18.25 in a research note issued to investors on Friday, BayStreet.CA reports. Stifel Nicolaus’ target price would suggest a potential upside of 7.29% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the company. BMO Capital Markets lifted their price objective on Aecon Group from C$14.50 to C$17.50 and gave the company an “outperform” rating in a research note on Thursday, March 7th. National Bankshares lifted their price objective on Aecon Group from C$10.50 to C$15.00 and gave the company a “sector perform” rating in a research note on Thursday, March 7th. ATB Capital lifted their price objective on Aecon Group from C$15.25 to C$19.50 and gave the company an “outperform” rating in a research note on Thursday, March 7th. Raymond James lifted their price objective on 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. Finally, Desjardins upped their price target on Aecon Group from C$16.00 to C$20.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Aecon Group currently has an average rating of “Moderate Buy” and an average target price of C$19.17.
Read Our Latest Analysis on ARE
Aecon Group Trading Down 0.6 %
Aecon Group (TSE:ARE – Get Free Report) last posted its earnings results on Wednesday, April 24th. The company reported C($0.10) EPS for the quarter, beating analysts’ consensus estimates of C($0.14) by C$0.04. Aecon Group had a return on equity of 16.04% and a net margin of 3.49%. The company had revenue of C$846.59 million for the quarter, compared to the consensus estimate of C$1.03 billion. On average, equities analysts anticipate that Aecon Group will post 0.7603047 EPS for the current fiscal year.
Insider Activity at Aecon Group
In other Aecon Group news, Senior Officer Martina Doyle sold 2,265 shares of the stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of C$16.42, for a total transaction of C$37,191.30. In other news, Director Stuart Lee acquired 7,000 shares of the company’s stock in a transaction that occurred on Friday, March 22nd. The stock was purchased at an average cost of C$16.33 per share, with a total value of C$114,310.00. Also, Senior Officer Martina Doyle sold 2,265 shares of the firm’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 value of C$37,191.30. 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.
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