Aecon Group (TSE:ARE – Get Free Report) had its price target decreased by stock analysts at Desjardins from C$20.00 to C$18.00 in a report released on Tuesday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ price target would suggest a potential upside of 24.14% from the company’s previous close.
ARE has been the subject of a number of other reports. Stifel Nicolaus boosted their target price on shares of Aecon Group from C$17.00 to C$18.25 in a research note on Friday, April 26th. ATB Capital increased their target price on Aecon Group from C$19.50 to C$21.00 and gave the company an “outperform” rating in a report on Friday, April 26th. CIBC boosted their price target on 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. Canaccord Genuity Group increased their price objective on shares of Aecon Group from C$14.00 to C$26.00 and gave the stock a “buy” rating in a research note on Thursday, March 7th. Finally, Royal Bank of Canada cut their target price on shares of Aecon Group from C$16.00 to C$13.00 and set a “sector perform” rating for the company in a research report on Tuesday. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Aecon Group presently has a consensus rating of “Hold” and a consensus target price of C$18.32.
View Our Latest Report on Aecon Group
Aecon Group Price Performance
Aecon Group (TSE:ARE – Get Free Report) last announced its quarterly earnings results on Wednesday, April 24th. The company reported C($0.10) EPS for the quarter, topping analysts’ consensus estimates of C($0.14) by C$0.04. The firm had revenue of C$846.59 million during the quarter, compared to analyst estimates of C$1.03 billion. Aecon Group had a net margin of 3.77% and a return on equity of 16.62%. On average, sell-side analysts forecast that Aecon Group will post 0.9104803 EPS for the current 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.
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