Aecon Group (TSE:ARE - Get Free Report) had its price target increased by analysts at National Bankshares from C$23.00 to C$26.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. National Bankshares' target price would suggest a potential upside of 15.40% from the company's current price.
A number of other analysts have also weighed in on the stock. BMO Capital Markets increased their price objective on shares of Aecon Group from C$19.00 to C$22.00 in a research report on Tuesday, July 22nd. National Bank Financial raised shares of Aecon Group from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 1st. Desjardins reduced their price objective on shares of Aecon Group from C$24.00 to C$22.00 and set a "buy" rating on the stock in a research report on Tuesday, August 5th. ATB Capital reduced their price objective on shares of Aecon Group from C$30.00 to C$28.00 and set an "outperform" rating on the stock in a research report on Tuesday, August 5th. Finally, TD Securities increased their price objective on shares of Aecon Group from C$22.00 to C$23.00 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating and seven have given a Buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of C$23.00.
Check Out Our Latest Research Report on ARE
Aecon Group Price Performance
ARE stock traded up C$0.17 during mid-day trading on Wednesday, hitting C$22.53. The company had a trading volume of 235,914 shares, compared to its average volume of 403,646. The company has a market capitalization of C$1.43 billion, a price-to-earnings ratio of 53.64, a P/E/G ratio of 18.18 and a beta of 1.49. Aecon Group has a 12-month low of C$15.21 and a 12-month high of C$29.70. The company has a quick ratio of 1.27, a current ratio of 1.19 and a debt-to-equity ratio of 32.84. The company has a 50-day moving average price of C$20.71 and a 200 day moving average price of C$19.20.
About Aecon Group
(
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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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