Aecon Group (TSE:ARE) Given New C$28.75 Price Target at Stifel Nicolaus

Aecon Group (TSE:ARE) had its target price decreased by research analysts at Stifel Nicolaus from C$34.25 to C$28.75 in a report released on Monday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. Stifel Nicolaus’ price objective would suggest a potential downside of 29.29% from the stock’s previous close.

A number of other brokerages have also commented on ARE. TD Securities lifted their price target on Aecon Group from C$39.00 to C$47.00 in a research note on Monday. ATB Cormark Capital Markets lifted their target price on shares of Aecon Group from C$35.00 to C$39.00 and gave the stock a “sector perform” rating in a research report on Monday. Three investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, Aecon Group currently has an average rating of “Hold” and a consensus target price of C$37.48.

Aecon Group Price Performance

Shares of Aecon Group stock traded up C$0.25 during trading on Monday, reaching C$40.66. 454,598 shares of the company’s stock were exchanged, compared to its average volume of 385,928. The company has a debt-to-equity ratio of 65.17, a quick ratio of 1.27 and a current ratio of 1.10. Aecon Group has a 1-year low of C$15.21 and a 1-year high of C$41.90. The company has a market cap of C$2.57 billion, a P/E ratio of 290.43, a PEG ratio of 18.18 and a beta of 1.10. The firm’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 issued its earnings results on Thursday, March 5th. The company reported C$0.52 EPS for the quarter. The firm had revenue of C$1.54 billion during the quarter. Aecon Group had a return on equity of 1.66% and a net margin of 0.28%. As a group, research analysts anticipate 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.