Stifel Nicolaus Downgrades Aecon Group (TSE:ARE) to Hold

Aecon Group (TSE:ARE) was downgraded by analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a research note issued to investors on Friday,BayStreet.CA reports. They presently have a C$19.00 price objective on the stock, down from their previous price objective of C$31.00. Stifel Nicolaus’ price objective would suggest a potential upside of 5.79% from the company’s current price.

A number of other equities analysts also recently commented on the stock. TD Securities reduced their price objective on shares of Aecon Group from C$35.00 to C$30.00 and set a “buy” rating for the company in a report on Friday. Desjardins dropped their target price on shares of Aecon Group from C$32.00 to C$29.00 and set a “buy” rating for the company in a research report on Friday. National Bank Financial cut shares of Aecon Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 3rd. BMO Capital Markets dropped their target price on shares of Aecon Group from C$29.00 to C$24.00 in a research report on Friday. Finally, CIBC lowered their price objective on shares of Aecon Group from C$33.00 to C$30.00 in a research report on Friday. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of C$24.98.

Aecon Group Price Performance

Shares of Aecon Group stock opened at C$17.96 on Friday. The company has a debt-to-equity ratio of 32.84, a current ratio of 1.19 and a quick ratio of 1.27. Aecon Group has a fifty-two week low of C$13.03 and a fifty-two week high of C$29.70. The firm has a fifty day moving average price of C$24.19 and a two-hundred day moving average price of C$23.84. The company has a market cap of C$1.14 billion, a PE ratio of -17.67, a price-to-earnings-growth 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.