Aecon Group (TSE:ARE) Stock Rating Lowered by Stifel Canada

Aecon Group (TSE:ARE) was downgraded by analysts at Stifel Canada from a “strong-buy” rating to a “hold” rating in a report released on Thursday,Zacks.com reports.

A number of other brokerages also recently issued reports on ARE. National Bank Financial downgraded Aecon Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 3rd. Raymond James decreased their price objective on Aecon Group from C$28.00 to C$23.00 and set a “market perform” rating on the stock in a report on Friday. Stifel Nicolaus cut Aecon Group from a “buy” rating to a “hold” rating and reduced their target price for the company from C$31.00 to C$19.00 in a report on Friday. TD Securities cut their price objective on Aecon Group from C$35.00 to C$30.00 and set a “buy” rating on the stock in a research report on Friday. Finally, Desjardins dropped their target price on Aecon Group from C$32.00 to C$29.00 and set a “buy” rating on the stock in a research report on Friday. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of C$24.98.

Aecon Group Stock Performance

TSE ARE opened at C$17.96 on Thursday. 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. The stock’s 50 day simple moving average is C$24.38 and its 200-day simple moving average is C$23.88. Aecon Group has a 1-year low of C$13.03 and a 1-year high of C$29.70. 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 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.