Stifel Nicolaus Boosts Aecon Group (TSE:ARE) Price Target to C$24.00

Key Points

• Stifel Nicolaus has raised its price target for Aecon Group from C$19.00 to C$24.00, maintaining a "hold" rating on the stock.
• National Bankshares has set a new price target of C$26.00 with an "outperform" rating, reflecting bullish sentiment while other analysts have provided varying targets.
• The stock traded at C$25.03 with a market capitalization of C$1.59 billion, highlighting a P/E ratio of 59.60 and a 12-month high of C$29.70.

Aecon Group (TSE:ARE - Get Free Report) had its target price lifted by Stifel Nicolaus from C$19.00 to C$24.00 in a research note issued to investors on Monday,BayStreet.CA reports. The firm currently has a "hold" rating on the stock. Stifel Nicolaus' target price would suggest a potential downside of 4.12% from the company's current price.

A number of other research analysts also recently commented on ARE. National Bankshares boosted their price target on Aecon Group from C$23.00 to C$26.00 and gave the company an "outperform" rating in a research note on Wednesday, September 24th. Desjardins decreased their price target on Aecon Group from C$24.00 to C$22.00 and set a "buy" rating on the stock in a research note on Tuesday, August 5th. National Bank Financial upgraded Aecon Group from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 1st. Canaccord Genuity Group raised their target price on shares of Aecon Group from C$25.00 to C$29.00 in a research report on Monday. Finally, BMO Capital Markets raised their price objective on Aecon Group from C$19.00 to C$22.00 in a report on Tuesday, July 22nd. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of C$24.91.

Aecon Group Stock Performance

ARE stock traded down C$0.03 during trading hours on Monday, hitting C$25.03. 283,277 shares of the stock were exchanged, compared to its average volume of 403,445. Aecon Group has a 12 month low of C$15.21 and a 12 month 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 company has a 50-day simple moving average of C$21.36 and a two-hundred day simple moving average of C$19.54. The firm has a market capitalization of C$1.59 billion, a P/E ratio of 59.60, a P/E/G ratio of 18.18 and a beta of 1.48.

About Aecon Group

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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