Aecon Group (TSE:ARE) Sets New 12-Month High – Here’s Why

Shares of Aecon Group Inc. (TSE:ARE) hit a new 52-week high during trading on Saturday . The company traded as high as C$41.90 and last traded at C$40.41, with a volume of 966705 shares traded. The stock had previously closed at C$37.58.

Analyst Ratings Changes

Separately, Stifel Nicolaus boosted their price target on Aecon Group from C$30.00 to C$34.25 and gave the company a “hold” rating in a research note on Friday, February 6th. Three research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of C$33.43.

Aecon Group Stock Performance

The firm has a fifty day moving average of C$35.12 and a 200 day moving average of C$29.25. The stock has a market cap of C$2.56 billion, a price-to-earnings ratio of 288.64, a PEG ratio of 18.18 and a beta of 1.10. The company has a debt-to-equity ratio of 65.17, a current ratio of 1.10 and a quick ratio of 1.27.

Aecon Group (TSE:ARE) last issued its quarterly earnings data on Thursday, March 5th. The company reported C$0.52 earnings per share for the quarter. Aecon Group had a return on equity of 1.66% and a net margin of 0.28%.The company had revenue of C$1.54 billion during the quarter. As a group, sell-side analysts forecast that Aecon Group Inc. will post 1.3793321 EPS for the current year.

Aecon Group Company Profile

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.