Aecon Group (TSE:ARE) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Aecon Group (TSE:ARE) had its price objective raised by equities research analysts at BMO Capital Markets from C$16.50 to C$27.00 in a research note issued on Monday, BayStreet.CA reports. BMO Capital Markets’ target price indicates a potential downside of 5.59% from the stock’s previous close.

ARE has been the topic of several other research reports. ATB Capital lifted their target price on shares of Aecon Group from C$21.00 to C$29.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Stifel Canada upgraded Aecon Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 25th. Stifel Nicolaus upped their target price on shares of Aecon Group from C$30.00 to C$31.00 in a research note on Friday, October 4th. Canaccord Genuity Group lifted their target price on Aecon Group from C$28.00 to C$33.00 in a research report on Monday. Finally, CIBC increased their price target on Aecon Group from C$25.00 to C$29.00 in a report on Monday. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Aecon Group has a consensus rating of “Moderate Buy” and an average target price of C$25.94.

Aecon Group Trading Up 0.0 %

Shares of ARE opened at C$28.60 on Monday. The stock’s fifty day simple moving average is C$21.05 and its 200 day simple moving average is C$18.03. Aecon Group has a twelve month low of C$10.30 and a twelve month high of C$28.79. The company has a current ratio of 1.35, a quick ratio of 1.27 and a debt-to-equity ratio of 32.86. The firm has a market capitalization of C$1.79 billion, a P/E ratio of -105.93, a price-to-earnings-growth ratio of 18.18 and a beta of 1.13.

Insider Activity at Aecon Group

In other Aecon Group news, Senior Officer Timothy John Murphy purchased 4,244 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was bought at an average price of C$17.66 per share, with a total value of C$74,969.84. 0.82% of the stock is owned by 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.