Aecon Group (TSE:ARE) Price Target Lowered to C$13.00 at Royal Bank of Canada

Aecon Group (TSE:ARE) had its price target dropped by equities researchers at Royal Bank of Canada from C$16.00 to C$13.00 in a report issued on Tuesday, BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Royal Bank of Canada’s price objective indicates a potential downside of 10.34% from the company’s current price.

Several other research analysts have also recently commented on the company. Paradigm Capital increased their price target on Aecon Group from C$14.00 to C$17.80 and gave the company a “hold” rating in a research report on Friday, April 26th. CIBC raised their target price on shares of Aecon Group from C$22.00 to C$23.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. ATB Capital upped their price target on shares of Aecon Group from C$19.50 to C$21.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Canaccord Genuity Group lifted their price objective on shares of Aecon Group from C$14.00 to C$26.00 and gave the company a “buy” rating in a research report on Thursday, March 7th. Finally, BMO Capital Markets upped their target price on shares of Aecon Group from C$17.50 to C$18.50 in a report on Friday, April 26th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Aecon Group currently has a consensus rating of “Hold” and a consensus target price of C$18.32.

Aecon Group Price Performance

ARE stock opened at C$14.50 on Tuesday. The company has a current ratio of 1.50, a quick ratio of 1.27 and a debt-to-equity ratio of 28.71. The stock has a market cap of C$902.92 million, a PE ratio of 6.74, a price-to-earnings-growth ratio of 18.18 and a beta of 1.19. Aecon Group has a 1 year low of C$8.42 and a 1 year high of C$17.40. The stock has a 50-day moving average price of C$16.64 and a two-hundred day moving average price of C$15.49.

Aecon Group (TSE:ARE) last issued its quarterly earnings results on Wednesday, April 24th. The company reported C($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of C($0.14) by C$0.04. Aecon Group had a net margin of 3.77% and a return on equity of 16.62%. The firm had revenue of C$846.59 million for the quarter, compared to analyst estimates of C$1.03 billion. Equities analysts forecast that Aecon Group will post 0.9104803 EPS for the current fiscal year.

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.