A number of other brokerages have also commented on ARE. Raymond James reiterated a strong-buy rating and set a C$23.00 price target on shares of Aecon Group in a report on Wednesday, March 6th. Canaccord Genuity upped their price target on Aecon Group from C$24.00 to C$25.00 in a report on Thursday, March 7th. Finally, CIBC upped their price target on Aecon Group from C$21.00 to C$23.00 in a report on Tuesday, January 15th. One analyst has rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of C$22.88.
Shares of ARE stock opened at C$17.88 on Monday. Aecon Group has a 12 month low of C$14.27 and a 12 month high of C$19.79. The company has a market cap of $1.07 billion and a PE ratio of 19.02. The company has a debt-to-equity ratio of 78.27, a current ratio of 1.70 and a quick ratio of 0.65.
In other news, Director John Michael Beck sold 20,900 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of C$18.30, for a total transaction of C$382,470.00.
About Aecon Group
Aecon Group Inc provides construction and infrastructure development services to private and public sector clients in Canada, the United States, and internationally. It operates through four segments: Infrastructure, Energy, Mining, and Concessions. The Infrastructure segment is involved in the construction of roads and bridges, and rail and transit systems, as well as in asphalt production and aggregates, municipal construction, commercial site design, and material engineering and design activities.
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