Aecon Group Inc. (TSE:ARE) Receives C$33.00 Consensus Target Price from Brokerages

Aecon Group Inc. (TSE:ARE) has been given an average recommendation of “Moderate Buy” by the thirteen analysts that are presently covering the company, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is C$33.00.

Several equities analysts have recently weighed in on the stock. ATB Capital cut shares of Aecon Group from an “outperform” rating to a “sector perform” rating and increased their price objective for the stock from C$28.00 to C$32.00 in a research note on Friday, October 31st. Canaccord Genuity Group increased their price target on shares of Aecon Group from C$29.00 to C$40.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Atb Cap Markets cut shares of Aecon Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 30th. National Bankshares upped their price objective on Aecon Group from C$23.00 to C$26.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 24th. Finally, Royal Bank Of Canada boosted their price target on Aecon Group from C$26.00 to C$30.00 and gave the company a “sector perform” rating in a report on Monday, November 3rd.

Aecon Group Price Performance

Shares of ARE opened at C$31.28 on Monday. The firm has a fifty day simple moving average of C$29.19 and a two-hundred day simple moving average of C$24.14. The firm has a market cap of C$1.98 billion, a PE ratio of 223.43, a P/E/G ratio of 18.18 and a beta of 1.53. The company has a current ratio of 1.19, a quick ratio of 1.27 and a debt-to-equity ratio of 32.84. Aecon Group has a 1-year low of C$15.21 and a 1-year high of C$35.10.

Aecon Group (TSE:ARE) last issued its quarterly earnings data on Wednesday, October 29th. The company reported C$0.53 EPS for the quarter. The company had revenue of C$1.53 billion during the quarter. Aecon Group had a negative return on equity of 6.40% and a negative net margin of 1.56%. On average, equities analysts anticipate that Aecon Group will post 1.3793321 EPS for the current year.

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. Aecon generates the majority of its revenue from the Construction segment.