Aecon Group (TSE:ARE) Price Target Cut to C$21.00 by Analysts at Raymond James

Aecon Group (TSE:ARE) had its price target decreased by investment analysts at Raymond James from C$23.00 to C$21.00 in a report released on Monday,BayStreet.CA reports. Raymond James’ price objective suggests a potential upside of 34.19% from the company’s current price.

ARE has been the topic of several other research reports. CIBC reduced their price target on shares of Aecon Group from C$31.00 to C$24.00 in a research note on Friday. TD Securities reduced their price target on Aecon Group from C$23.00 to C$20.00 and set a “buy” rating on the stock in a research report on Friday. Stifel Canada upgraded shares of Aecon Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 17th. Desjardins decreased their target price on Aecon Group from C$32.00 to C$29.00 and set a “buy” rating for the company in a report on Friday, March 7th. Finally, Stifel Nicolaus lowered their target price on Aecon Group from C$16.00 to C$14.00 in a research note on Friday. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Aecon Group currently has a consensus rating of “Buy” and a consensus price target of C$22.90.

Aecon Group Trading Up 1.6 %

Shares of TSE:ARE traded up C$0.25 during trading hours on Monday, hitting C$15.65. 297,810 shares of the company’s stock traded hands, compared to its average volume of 486,652. 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 business has a fifty day moving average price of C$18.52 and a 200-day moving average price of C$23.30. Aecon Group has a 1 year low of C$13.03 and a 1 year high of C$29.70. The firm has a market capitalization of C$990.10 million, a P/E ratio of -15.40, a price-to-earnings-growth ratio of 18.18 and a beta of 1.13.

Insiders Place Their Bets

In other news, Director Stuart Lee purchased 5,700 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The stock was bought at an average price of C$18.35 per share, for a total transaction of C$104,595.00. 0.82% of the stock is owned by company insiders.

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.