Aecon Group (TSE:ARE) Upgraded to Strong-Buy at Stifel Canada

Aecon Group (TSE:ARE - Get Free Report) was upgraded by investment analysts at Stifel Canada from a "hold" rating to a "strong-buy" rating in a research note issued to investors on Thursday,Zacks.com reports. Stifel Canada also issued estimates for Aecon Group's FY2025 earnings at $0.68 EPS.

Several other brokerages have also issued reports on ARE. CIBC lifted their target price on shares of Aecon Group from C$30.00 to C$31.00 in a research report on Thursday, April 17th. Royal Bank of Canada lowered their price target on Aecon Group from C$27.00 to C$20.00 in a research report on Monday, March 10th. Raymond James cut their price objective on Aecon Group from C$28.00 to C$23.00 and set a "market perform" rating for the company in a report on Friday, March 7th. National Bank Financial raised Aecon Group from a "hold" rating to a "strong-buy" rating in a report on Sunday, March 9th. Finally, Desjardins cut their target price on Aecon Group from C$32.00 to C$29.00 and set a "buy" rating for the company in a research note on Friday, March 7th. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of C$25.07.

Aecon Group Price Performance

Aecon Group stock traded up C$0.54 during midday trading on Thursday, hitting C$17.61. 144,052 shares of the company's stock were exchanged, compared to its average volume of 468,321. The stock has a 50-day moving average price of C$18.94 and a two-hundred day moving average price of C$23.41. Aecon Group has a 52-week low of C$13.03 and a 52-week high of C$29.70. The company has a market cap of C$1.11 billion, a P/E ratio of -17.32, a PEG ratio of 18.18 and a beta of 1.13. The company has a debt-to-equity ratio of 32.84, a quick ratio of 1.27 and a current ratio of 1.19.

Insider Buying and Selling

In related news, Director Stuart Lee acquired 5,700 shares of Aecon Group stock in a transaction on Monday, March 10th. The shares were acquired at an average cost of C$18.35 per share, with a total value of C$104,595.00. 0.82% of the stock is owned by insiders.

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.