Aecon Group Inc. (TSE:ARE) Given Consensus Rating of “Hold” by Analysts

Aecon Group Inc. (TSE:ARE) has received a consensus recommendation of “Hold” from the nine brokerages that are covering the company, Marketbeat reports. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is C$33.43.

ARE has been the topic of several recent research reports. Raymond James Financial lowered shares of Aecon Group from a “moderate buy” rating to a “hold” rating and lifted their target price for the company from C$26.00 to C$33.00 in a research report on Friday, October 31st. Canaccord Genuity Group lifted their price objective on Aecon Group from C$29.00 to C$40.00 and gave the company a “buy” rating in a report on Friday, October 31st. BMO Capital Markets upped their price objective on Aecon Group from C$25.00 to C$30.00 in a research note on Friday, October 31st. ATB Cormark Capital Markets cut Aecon Group from an “outperform” rating to a “sector perform” rating and increased their target price for the stock from C$28.00 to C$32.00 in a report on Friday, October 31st. Finally, Canadian Imperial Bank of Commerce lowered Aecon Group from an “outperform” rating to a “hold” rating and boosted their price target for the company from C$29.00 to C$35.00 in a research note on Friday, October 31st.

Aecon Group Trading Down 2.5%

Shares of Aecon Group stock opened at C$36.78 on Tuesday. Aecon Group has a 52-week low of C$15.21 and a 52-week high of C$38.48. The firm has a market capitalization of C$2.33 billion, a PE ratio of 262.71, a price-to-earnings-growth ratio of 18.18 and a beta of 1.36. The company has a debt-to-equity ratio of 32.84, a current ratio of 1.19 and a quick ratio of 1.27. The company’s fifty day moving average price is C$33.89 and its two-hundred day moving average price is C$28.11.

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