Aecon Group Inc. (TSE:ARE) Receives C$27.53 Average Target Price from Analysts

Shares of Aecon Group Inc. (TSE:ARE) have been given an average recommendation of “Moderate Buy” by the thirteen ratings firms that are covering the company, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$27.53.

A number of research firms recently weighed in on ARE. Raymond James boosted their target price on Aecon Group from C$24.00 to C$28.00 in a report on Tuesday, November 5th. Stifel Nicolaus upped their price objective on shares of Aecon Group from C$30.00 to C$31.00 in a report on Friday, October 4th. TD Securities upgraded shares of Aecon Group from a “hold” rating to a “buy” rating and raised their target price for the stock from C$23.00 to C$35.00 in a research note on Monday, November 4th. CIBC lifted their target price on shares of Aecon Group from C$29.00 to C$35.00 in a report on Friday, December 13th. Finally, ATB Capital increased their price target on shares of Aecon Group from C$21.00 to C$29.00 and gave the company an “outperform” rating in a report on Monday, September 16th.

Aecon Group Price Performance

Shares of ARE opened at C$27.20 on Thursday. The company has a market cap of C$1.70 billion, a price-to-earnings ratio of -100.74, a PEG ratio of 18.18 and a beta of 1.13. The company has a current ratio of 1.35, a quick ratio of 1.27 and a debt-to-equity ratio of 32.86. The company’s fifty day simple moving average is C$26.59 and its 200 day simple moving average is C$20.61. Aecon Group has a 1-year low of C$11.80 and a 1-year high of C$29.70.

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.