Aecon Group (TSE:ARE) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Key Points

• Canaccord Genuity Group raised Aecon Group's target price from C$25.00 to C$29.00, indicating a potential upside of 15.86% from its current stock price.
• Several analysts have varying target prices on Aecon Group, with the average rating currently at "Buy" and an average price target of C$24.91.
• Aecon Group's stock traded down slightly by 0.1% to C$25.03, with a one-year price range between C$15.21 and C$29.70.

Aecon Group (TSE:ARE - Get Free Report) had its target price raised by equities research analysts at Canaccord Genuity Group from C$25.00 to C$29.00 in a report released on Monday,BayStreet.CA reports. Canaccord Genuity Group's target price points to a potential upside of 15.86% from the stock's current price.

Several other analysts have also issued reports on the stock. ATB Capital reduced their target price on shares of Aecon Group from C$30.00 to C$28.00 and set an "outperform" rating for the company in a research note on Tuesday, August 5th. National Bankshares boosted their target price on Aecon Group from C$23.00 to C$26.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 24th. Desjardins dropped their price target on Aecon Group from C$24.00 to C$22.00 and set a "buy" rating for the company in a research note on Tuesday, August 5th. National Bank Financial raised shares of Aecon Group from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 1st. Finally, BMO Capital Markets upped their price objective on shares of Aecon Group from C$19.00 to C$22.00 in a research note on Tuesday, July 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of C$24.91.

Aecon Group Trading Down 0.1%

ARE stock traded down C$0.03 during trading on Monday, hitting C$25.03. The company had a trading volume of 283,277 shares, compared to its average volume of 403,445. Aecon Group has a one year low of C$15.21 and a one year high of C$29.70. 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 business has a 50-day moving average of C$21.36 and a 200-day moving average of C$19.54. The stock has a market cap of C$1.59 billion, a PE ratio of 59.60, a PEG ratio of 18.18 and a beta of 1.48.

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.

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