Aecon Group (TSE:ARE) Price Target Raised to C$59.00 at TD

Aecon Group (TSE:ARE) had its price objective lifted by analysts at TD from C$49.00 to C$59.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD’s target price suggests a potential upside of 22.61% from the stock’s current price.

ARE has been the topic of several other research reports. Desjardins upped their price objective on Aecon Group from C$43.00 to C$45.00 and gave the company a “hold” rating in a research note on Monday, March 30th. Royal Bank Of Canada lifted their price objective on shares of Aecon Group from C$41.00 to C$44.00 and gave the stock a “sector perform” rating in a report on Thursday, April 9th. BMO Capital Markets lifted their price objective on shares of Aecon Group from C$40.00 to C$45.00 and gave the stock an “outperform” rating in a report on Monday, March 30th. Stifel Nicolaus lifted their price objective on shares of Aecon Group from C$44.00 to C$44.50 and gave the stock a “hold” rating in a report on Friday, April 17th. Finally, ATB Cormark Capital Markets lifted their price objective on shares of Aecon Group from C$39.00 to C$42.00 and gave the stock a “sector perform” rating in a report on Monday, March 30th. Five analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of C$48.29.

Aecon Group Stock Down 2.1%

ARE stock traded down C$1.01 during mid-day trading on Tuesday, hitting C$48.12. 389,935 shares of the company were exchanged, compared to its average volume of 473,507. The company has a market capitalization of C$3.29 billion, a PE ratio of 209.22, a price-to-earnings-growth ratio of 18.18 and a beta of 0.97. The company has a current ratio of 1.10, a quick ratio of 1.27 and a debt-to-equity ratio of 65.17. Aecon Group has a twelve month low of C$15.68 and a twelve month high of C$49.34. The firm has a fifty day simple moving average of C$42.12 and a 200 day simple moving average of C$34.62.

Aecon Group (TSE:ARE) last announced its quarterly earnings data on Thursday, March 5th. The company reported C$0.52 earnings per share (EPS) for the quarter. Aecon Group had a return on equity of 1.66% and a net margin of 0.28%.The firm had revenue of C$1.54 billion for the quarter. On average, research analysts forecast that Aecon Group will post 1.3793321 earnings per share for the current fiscal year.

Insider Transactions at Aecon Group

In related news, Director Eric Stuart Rosenfeld sold 125,000 shares of the business’s stock in a transaction that occurred on Friday, March 27th. The stock was sold at an average price of C$41.64, for a total transaction of C$5,205,000.00. Following the completion of the transaction, the director owned 184,200 shares in the company, valued at C$7,670,088. The trade was a 40.43% decrease in their position. 0.82% of the stock is owned by corporate insiders.

About Aecon Group

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.