Aecon Group (TSE:ARE) Price Target Raised to C$33.00 at Canaccord Genuity Group

Aecon Group (TSE:ARE) had its target price boosted by equities research analysts at Canaccord Genuity Group from C$28.00 to C$33.00 in a research report issued to clients and investors on Monday, BayStreet.CA reports. Canaccord Genuity Group’s price target points to a potential upside of 15.38% from the stock’s current price.

Other equities research analysts also recently issued research reports about the stock. National Bankshares raised shares of Aecon Group from a “sector perform” rating to an “outperform” rating and increased their target price for the company from C$17.00 to C$20.50 in a research note on Monday, July 29th. ATB Capital raised their price objective on shares of Aecon Group from C$21.00 to C$29.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. BMO Capital Markets reduced their price target on Aecon Group from C$17.50 to C$16.50 in a report on Wednesday, July 24th. TD Securities upgraded Aecon Group from a “hold” rating to a “buy” rating and increased their target price for the stock from C$23.00 to C$35.00 in a research note on Monday. Finally, Royal Bank of Canada boosted their target price on shares of Aecon Group from C$13.00 to C$17.00 and gave the company a “sector perform” rating in a research note on Monday, July 29th. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$25.94.

Aecon Group Stock Up 0.0 %

Shares of TSE ARE opened at C$28.60 on Monday. The company has a current ratio of 1.35, a quick ratio of 1.27 and a debt-to-equity ratio of 32.86. Aecon Group has a 12-month low of C$10.30 and a 12-month high of C$28.79. The firm’s 50-day moving average price is C$21.05 and its 200-day moving average price is C$18.03. The stock has a market capitalization of C$1.79 billion, a price-to-earnings ratio of -105.93, a P/E/G 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 business’s stock in a transaction that occurred on Thursday, August 8th. The stock was purchased at an average price of C$17.66 per share, for a total transaction of C$74,969.84. 0.82% of the stock is owned by company 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.