Aecon Group (TSE:ARE) PT Raised to C$16.00 at Royal Bank of Canada

Aecon Group (TSE:ARE) had its target price raised by equities research analysts at Royal Bank of Canada from C$13.00 to C$16.00 in a research note issued to investors on Friday, BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank of Canada’s price objective would indicate a potential downside of 6.16% from the company’s current price.

A number of other equities research analysts also recently weighed in on the company. BMO Capital Markets lifted their target price on Aecon Group from C$17.50 to C$18.50 in a report on Friday. National Bankshares lifted their target price on Aecon Group from C$15.00 to C$18.00 and gave the stock a “sector perform” rating in a report on Friday. Paradigm Capital boosted their price target on Aecon Group from C$14.00 to C$17.80 and gave the company a “hold” rating in a research note on Friday. Raymond James boosted their target price on Aecon Group from C$16.00 to C$17.00 and gave the stock a “market perform” rating in a research note on Friday. Finally, ATB Capital boosted their target price on Aecon Group from C$19.50 to C$21.00 and gave the stock an “outperform” rating in a research note on Friday. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$19.17.

Aecon Group Trading Down 0.4 %

ARE stock opened at C$17.05 on Friday. The company has a debt-to-equity ratio of 39.29, a current ratio of 1.42 and a quick ratio of 1.27. The company has a fifty day moving average price of C$16.15 and a two-hundred day moving average price of C$13.58. Aecon Group has a one year low of C$8.42 and a one year high of C$17.40. The stock has a market cap of C$1.06 billion, a price-to-earnings ratio of 8.12, a price-to-earnings-growth ratio of 18.18 and a beta of 1.16.

Aecon Group (TSE:ARE) last released its quarterly earnings data on Wednesday, April 24th. The company reported C($0.10) EPS for the quarter, topping analysts’ consensus estimates of C($0.14) by C$0.04. Aecon Group had a net margin of 3.49% and a return on equity of 16.04%. The firm had revenue of C$846.59 million during the quarter, compared to analysts’ expectations of C$1.03 billion. Equities analysts anticipate that Aecon Group will post 0.7603047 EPS for the current year.

Insider Activity at Aecon Group

In related news, Senior Officer Martina Doyle sold 2,265 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of C$16.42, for a total value of C$37,191.30. In related news, Senior Officer Martina Doyle sold 2,265 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of C$16.42, for a total value of C$37,191.30. Also, Senior Officer Adam Robert Borgatti bought 4,231 shares of Aecon Group stock in a transaction that occurred on Tuesday, March 26th. The stock was bought at an average price of C$13.07 per share, for a total transaction of C$55,299.17. 1.72% of the stock is currently owned by company insiders.

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.