TD Securities Lowers Aecon Group (TSE:ARE) Price Target to C$30.00

Aecon Group (TSE:ARE) had its price objective lowered by investment analysts at TD Securities from C$35.00 to C$30.00 in a research note issued on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ price objective suggests a potential upside of 67.04% from the stock’s current price.

ARE has been the subject of a number of other reports. BMO Capital Markets lifted their price target on Aecon Group from C$27.00 to C$29.00 in a report on Friday, December 6th. National Bank Financial cut Aecon Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 3rd. Desjardins dropped their price objective on Aecon Group from C$32.00 to C$29.00 and set a “buy” rating for the company in a report on Friday. CIBC dropped their price objective on Aecon Group from C$35.00 to C$33.00 in a report on Monday, February 3rd. Finally, National Bankshares cut Aecon Group from an “outperform” rating to a “sector perform” rating and boosted their price objective for the stock from C$28.00 to C$30.00 in a report on Wednesday, December 4th. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of C$24.98.

Aecon Group Stock Performance

Aecon Group stock opened at C$17.96 on Friday. The stock has a 50-day simple moving average of C$24.19 and a 200 day simple moving average of C$23.84. The company has a quick ratio of 1.27, a current ratio of 1.19 and a debt-to-equity ratio of 32.84. Aecon Group has a 12-month low of C$13.03 and a 12-month high of C$29.70. The stock has a market capitalization of C$1.14 billion, a price-to-earnings ratio of -17.67, a P/E/G ratio of 18.18 and a beta of 1.13.

Aecon Group Company Profile

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.