Aecon Group (TSE:ARE) Given New C$48.00 Price Target at National Bank Financial

Aecon Group (TSE:ARE) had its price target raised by stock analysts at National Bank Financial from C$45.00 to C$48.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s target price would suggest a potential upside of 10.88% from the stock’s current price.

Several other brokerages have also issued reports on ARE. Raymond James Financial increased their price target on shares of Aecon Group from C$41.00 to C$44.00 and gave the stock a “market perform” rating in a research note on Tuesday, March 31st. Canaccord Genuity Group increased their price target on shares of Aecon Group from C$40.00 to C$52.00 and gave the stock a “buy” rating in a research note on Monday, March 9th. BMO Capital Markets increased their price target on shares of Aecon Group from C$40.00 to C$45.00 and gave the stock an “outperform” rating in a research note on Monday, March 30th. TD Securities increased their price target on shares of Aecon Group from C$47.00 to C$49.00 and gave the stock a “buy” rating in a research note on Monday, March 30th. Finally, Desjardins increased their price target on shares of Aecon Group from C$43.00 to C$45.00 and gave the stock a “hold” rating in a research note on Monday, March 30th. Four investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of C$43.88.

Aecon Group Stock Up 3.0%

Shares of Aecon Group stock traded up C$1.26 during trading on Wednesday, hitting C$43.29. The company’s stock had a trading volume of 151,501 shares, compared to its average volume of 487,963. The company has a debt-to-equity ratio of 65.17, a quick ratio of 1.27 and a current ratio of 1.10. The company has a fifty day simple moving average of C$39.20 and a two-hundred day simple moving average of C$32.40. The company has a market capitalization of C$2.96 billion, a PE ratio of 188.22, a P/E/G ratio of 18.18 and a beta of 0.97. Aecon Group has a 52 week low of C$15.21 and a 52 week high of C$44.71.

Aecon Group (TSE:ARE) last issued its quarterly 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 during the quarter. Aecon Group had a net margin of 0.28% and a return on equity of 1.66%. Equities research analysts predict that Aecon Group will post 1.3793321 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Eric Stuart Rosenfeld sold 125,000 shares of the stock in a transaction dated Friday, March 27th. The shares were sold at an average price of C$41.64, for a total transaction of C$5,205,000.00. Following the sale, the director directly owned 184,200 shares of the company’s stock, valued at approximately C$7,670,088. This represents a 40.43% decrease in their position. Company insiders own 0.82% of the company’s stock.

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.