Aecon Group (TSE:ARE) Price Target Raised to C$41.00

Aecon Group (TSE:ARE) had its price target hoisted by Raymond James Financial from C$33.00 to C$41.00 in a research note published on Tuesday,BayStreet.CA reports. They currently have a market perform rating on the stock.

ARE has been the subject of several other reports. Canaccord Genuity Group boosted their price objective on shares of Aecon Group from C$40.00 to C$52.00 and gave the company a “buy” rating in a research report on Monday. National Bank Financial lifted their price target on shares of Aecon Group from C$35.00 to C$45.00 and gave the company an “outperform” rating in a research note on Monday. TD Securities boosted their price target on Aecon Group from C$39.00 to C$47.00 and gave the company a “buy” rating in a report on Monday. Stifel Nicolaus dropped their price objective on Aecon Group from C$34.25 to C$28.75 and set a “hold” rating on the stock in a research note on Monday. Finally, ATB Cormark Capital Markets raised their price objective on Aecon Group from C$35.00 to C$39.00 and gave the stock a “sector perform” rating in a report on Monday. Three analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Aecon Group has a consensus rating of “Hold” and an average target price of C$39.38.

Aecon Group Stock Performance

ARE stock opened at C$39.91 on Tuesday. Aecon Group has a twelve month low of C$15.21 and a twelve month high of C$42.40. The firm has a market cap of C$2.53 billion, a price-to-earnings ratio of 285.07, a PEG ratio of 18.18 and a beta of 1.10. The business’s fifty day simple moving average is C$35.89 and its two-hundred day simple moving average is C$29.70. The company has a quick ratio of 1.27, a current ratio of 1.10 and a debt-to-equity ratio of 65.17.

Aecon Group (TSE:ARE) last issued its earnings results on Thursday, March 5th. The company reported C$0.52 earnings per share (EPS) for the quarter. The firm had revenue of C$1.54 billion during the quarter. Aecon Group had a net margin of 0.28% and a return on equity of 1.66%. Analysts predict 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.