Aecon Group (TSE:ARE) Raised to “Outperform” at National Bankshares

Aecon Group (TSE:ARE) was upgraded by National Bankshares from a “sector perform” rating to an “outperform” rating in a report released on Monday,BayStreet.CA reports.

Other equities research analysts have also recently issued reports about the stock. Royal Bank of Canada dropped their price target on shares of Aecon Group from C$27.00 to C$20.00 in a research report on Monday. TD Securities reduced their target price on shares of Aecon Group from C$35.00 to C$30.00 and set a “buy” rating for the company in a research note on Friday. Raymond James cut their price target on shares of Aecon Group from C$28.00 to C$23.00 and set a “market perform” rating for the company in a report on Friday. Desjardins lowered their price target on shares of Aecon Group from C$32.00 to C$29.00 and set a “buy” rating for the company in a report on Friday. Finally, Stifel Nicolaus downgraded shares of Aecon Group from a “buy” rating to a “hold” rating and lowered their price target for the stock from C$31.00 to C$19.00 in a report on Friday. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of C$25.25.

Aecon Group Price Performance

ARE traded up C$0.32 during midday trading on Monday, hitting C$18.28. 622,039 shares of the company traded hands, compared to its average volume of 433,857. The business has a 50 day simple moving average of C$24.19 and a two-hundred day simple moving average of C$23.92. The company has a current ratio of 1.19, a quick ratio of 1.27 and a debt-to-equity ratio of 32.84. The company has a market capitalization of C$1.16 billion, a price-to-earnings ratio of -17.98, a PEG ratio of 18.18 and a beta of 1.13. Aecon Group has a 52-week low of C$13.03 and a 52-week high of C$29.70.

Insider Buying and Selling at Aecon Group

In related news, Director Stuart Lee purchased 5,700 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The stock was bought at an average price of C$18.35 per share, for a total transaction of C$104,595.00. 0.82% of the stock is currently 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.