Aecon Group (TSE:ARE) PT Raised to C$28.00 at Canaccord Genuity Group

Aecon Group (TSE:ARE) had its target price boosted by stock analysts at Canaccord Genuity Group from C$25.00 to C$28.00 in a research report issued on Monday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target points to a potential upside of 38.34% from the stock’s previous close.

ARE has been the subject of a number of other reports. TD Securities cut their target price on Aecon Group from C$17.00 to C$16.00 and set a “hold” rating for the company in a research report on Friday, July 26th. Royal Bank of Canada increased their price objective on Aecon Group from C$13.00 to C$17.00 and gave the stock a “sector perform” rating in a research note on Monday, July 29th. CIBC lowered their price target on shares of Aecon Group from C$23.00 to C$22.00 in a report on Thursday, July 11th. BMO Capital Markets reduced their price target on shares of Aecon Group from C$17.50 to C$16.50 in a research report on Wednesday, July 24th. Finally, ATB Capital boosted their price target on shares of Aecon Group from C$21.00 to C$29.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Five investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$21.07.

Aecon Group Stock Performance

Shares of TSE:ARE traded up C$0.04 on Monday, hitting C$20.24. 105,274 shares of the company were exchanged, compared to its average volume of 297,184. The firm has a market capitalization of C$1.26 billion, a price-to-earnings ratio of -74.96, a PEG ratio of 18.18 and a beta of 1.12. The company has a debt-to-equity ratio of 32.86, a quick ratio of 1.27 and a current ratio of 1.35. Aecon Group has a one year low of C$8.42 and a one year high of C$20.46. The company’s 50 day moving average price is C$17.28 and its two-hundred day moving average price is C$16.80.

Aecon Group (TSE:ARE) last announced its quarterly earnings data on Wednesday, July 24th. The company reported C($1.99) EPS for the quarter, topping analysts’ consensus estimates of C($2.53) by C$0.54. The business had revenue of C$853.80 million during the quarter, compared to analysts’ expectations of C$1.01 billion. Aecon Group had a return on equity of 1.40% and a net margin of 0.32%. Research analysts expect that Aecon Group will post 1.3797814 earnings per share for the current year.

Insider Buying and Selling

In other Aecon Group news, Senior Officer Timothy John Murphy bought 4,244 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were acquired at an average cost of C$17.66 per share, for a total transaction of C$74,969.84. In related news, Senior Officer Timothy John Murphy purchased 4,244 shares of Aecon Group stock in a transaction that occurred on Thursday, August 8th. The shares were acquired at an average price of C$17.66 per share, for a total transaction of C$74,969.84. Also, Director Scott Stewart bought 10,000 shares of Aecon Group stock in a transaction on Monday, July 29th. The shares were bought at an average price of C$16.54 per share, for a total transaction of C$165,380.00. In the last ninety days, insiders have purchased 16,549 shares of company stock valued at $274,762. Corporate insiders own 0.82% of the company’s stock.

About Aecon Group

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.