Aecon Group (TSE:ARE – Get Free Report) had its price objective upped by Desjardins from C$55.00 to C$61.00 in a research note issued on Monday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. Desjardins’ price objective points to a potential upside of 16.15% from the company’s current price.
A number of other equities analysts have also weighed in on the stock. TD Securities boosted 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 report on Monday, March 30th. Raymond James Financial upgraded Aecon Group from a “market perform” rating to an “outperform” rating and upped their price objective for the company from C$52.00 to C$60.00 in a research report on Friday. TD cut their target price on Aecon Group from C$62.00 to C$61.00 and set a “buy” rating on the stock in a research report on Friday, June 26th. National Bank Financial increased their price target on Aecon Group from C$48.00 to C$59.00 and gave the stock an “outperform” rating in a report on Thursday, April 30th. Finally, Canaccord Genuity Group lifted their price objective on Aecon Group from C$56.00 to C$57.00 and gave the company a “buy” rating in a research report on Monday, June 29th. Six research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$54.58.
Aecon Group Trading Up 2.0%
Aecon Group (TSE:ARE – Get Free Report) last posted its earnings results on Tuesday, April 28th. The company reported C($0.21) earnings per share for the quarter. The business had revenue of C$1.26 billion during the quarter. Aecon Group had a net margin of 0.62% and a return on equity of 3.71%. On average, analysts predict that Aecon Group will post 1.3793321 earnings per share for the current year.
Insider Activity at Aecon Group
In other news, insider Timothy John Murphy sold 2,930 shares of the firm’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of C$52.31, for a total value of C$153,268.30. Following the sale, the insider owned 4,801 shares in the company, valued at approximately C$251,140.31. This trade represents a 37.90% decrease in their ownership of the stock. Also, Director John Michael Beck sold 20,000 shares of the stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of C$49.77, for a total value of C$995,400.00. Following the transaction, the director owned 201,417 shares of the company’s stock, valued at C$10,024,524.09. The trade was a 9.03% decrease in their position. In the last ninety days, insiders have sold 23,451 shares of company stock valued at $1,177,370. Corporate 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.
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