Aecon Group (TSE:ARE) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Aecon Group Inc. (TSE:ARE)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$27.48 and traded as high as C$36.19. Aecon Group shares last traded at C$36.03, with a volume of 207,223 shares changing hands.

Analyst Ratings Changes

ARE has been the topic of a number of research reports. Desjardins downgraded shares of Aecon Group from a “buy” rating to a “hold” rating and boosted their target price for the stock from C$22.00 to C$35.00 in a report on Friday, October 31st. Royal Bank Of Canada lifted their price target on shares of Aecon Group from C$26.00 to C$30.00 and gave the stock a “sector perform” rating in a research report on Monday, November 3rd. Raymond James Financial downgraded Aecon Group from a “moderate buy” rating to a “hold” rating and increased their price objective for the company from C$26.00 to C$33.00 in a research report on Friday, October 31st. Stifel Nicolaus upped their price objective on shares of Aecon Group from C$30.00 to C$34.25 and gave the company a “hold” rating in a research note on Friday, February 6th. Finally, Canaccord Genuity Group lifted their target price on shares of Aecon Group from C$29.00 to C$40.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Three equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, Aecon Group has a consensus rating of “Hold” and an average price target of C$33.43.

Aecon Group Price Performance

The company has a current ratio of 1.19, a quick ratio of 1.27 and a debt-to-equity ratio of 32.84. The stock has a 50-day simple moving average of C$33.26 and a 200 day simple moving average of C$27.48. The stock has a market capitalization of C$2.28 billion, a price-to-earnings ratio of 257.36, a price-to-earnings-growth ratio of 18.18 and a beta of 1.36.

Aecon Group (TSE:ARE) last posted its quarterly earnings results on Wednesday, October 29th. The company reported C$0.53 earnings per share (EPS) for the quarter. Aecon Group had a negative net margin of 1.56% and a negative return on equity of 6.40%. The business had revenue of C$1.53 billion during the quarter. On average, equities research analysts forecast that Aecon Group Inc. will post 1.3793321 EPS for the current fiscal year.

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.