Aecon Group (TSE:ARE) Price Target Raised to C$45.00 at National Bank Financial

Aecon Group (TSE:ARE) had its price target increased by analysts at National Bank Financial from C$35.00 to C$45.00 in a research note issued to investors on Monday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s price target indicates a potential upside of 10.67% from the company’s previous close.

Other equities analysts have also issued reports about the stock. Canaccord Genuity Group increased their price objective on shares of Aecon Group from C$40.00 to C$52.00 and gave the company a “buy” rating in a report on Monday. ATB Cormark Capital Markets lifted their target price on shares of Aecon Group from C$35.00 to C$39.00 and gave the stock a “sector perform” rating in a report on Monday. Stifel Nicolaus cut their price target on Aecon Group from C$34.25 to C$28.75 and set a “hold” rating on the stock in a research note on Monday. Finally, TD Securities raised their price target on Aecon Group from C$39.00 to C$47.00 in a research report on Monday. Three investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of C$37.48.

Aecon Group Price Performance

Shares of ARE traded up C$0.25 during mid-day trading on Monday, hitting C$40.66. 454,598 shares of the company traded hands, compared to its average volume of 385,928. The business has a 50-day moving average of C$35.12 and a 200 day moving average of C$29.25. The company has a current ratio of 1.10, a quick ratio of 1.27 and a debt-to-equity ratio of 65.17. The stock has a market capitalization of C$2.57 billion, a price-to-earnings ratio of 290.43, a PEG ratio of 18.18 and a beta of 1.10. Aecon Group has a one year low of C$15.21 and a one year high of C$41.90.

Aecon Group (TSE:ARE) last released its earnings results on Thursday, March 5th. The company reported C$0.52 earnings per share (EPS) for the quarter. The company had revenue of C$1.54 billion for the quarter. Aecon Group had a net margin of 0.28% and a return on equity of 1.66%. As a group, equities analysts expect that Aecon Group will post 1.3793321 earnings per share for the current fiscal 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.