Aecon Group (TSE:ARE) Price Target Raised to C$34.25 at Stifel Nicolaus

Aecon Group (TSE:ARE) had its price target hoisted by analysts at Stifel Nicolaus from C$30.00 to C$34.25 in a note issued to investors on Friday,BayStreet.CA reports. The firm presently has a “hold” rating on the stock. Stifel Nicolaus’ price target would suggest a potential downside of 6.93% from the stock’s current price.

Other equities analysts have also recently issued reports about the stock. BMO Capital Markets lifted their target price on shares of Aecon Group from C$25.00 to C$30.00 in a report on Friday, October 31st. CIBC downgraded Aecon Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 31st. ATB Capital cut Aecon Group from an “outperform” rating to a “sector perform” rating and upped their price target for the stock from C$28.00 to C$32.00 in a research note on Friday, October 31st. Royal Bank Of Canada lifted their price objective on shares of Aecon Group from C$26.00 to C$30.00 and gave the company a “sector perform” rating in a research report on Monday, November 3rd. Finally, Canaccord Genuity Group upped their price objective on shares of Aecon Group from C$29.00 to C$40.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Aecon Group has an average rating of “Moderate Buy” and an average price target of C$33.43.

Aecon Group Trading Up 5.8%

Shares of TSE:ARE traded up C$2.03 during mid-day trading on Friday, reaching C$36.80. 281,103 shares of the company were exchanged, compared to its average volume of 374,819. The company has a debt-to-equity ratio of 32.84, a current ratio of 1.19 and a quick ratio of 1.27. The firm has a market cap of C$2.33 billion, a price-to-earnings ratio of 262.86, a P/E/G ratio of 18.18 and a beta of 1.36. Aecon Group has a 1 year low of C$15.21 and a 1 year high of C$37.08. The firm’s 50-day simple moving average is C$32.15 and its 200 day simple moving average is C$26.52.

Aecon Group (TSE:ARE) last released its earnings results on Wednesday, October 29th. The company reported C$0.53 earnings per share (EPS) for the quarter. Aecon Group had a negative net margin of 1.56% and a negative return on equity of 6.40%. The company had revenue of C$1.53 billion for the quarter. Equities 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.