Aecon Group (TSE:ARE) Downgraded to Sector Perform Rating by National Bankshares

Aecon Group (TSE:ARE) was downgraded by stock analysts at National Bankshares from an “outperform” rating to a “sector perform” rating in a research note issued to investors on Wednesday,BayStreet.CA reports. They presently have a C$30.00 target price on the stock, up from their previous target price of C$28.00. National Bankshares’ price target suggests a potential upside of 7.99% from the company’s current price.

ARE has been the subject of a number of other research reports. Raymond James raised their price objective on Aecon Group from C$24.00 to C$28.00 in a research report on Tuesday, November 5th. ATB Capital raised their price target on Aecon Group from C$21.00 to C$29.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Stifel Nicolaus raised their price target on Aecon Group from C$30.00 to C$31.00 in a research note on Friday, October 4th. Canaccord Genuity Group raised their price target on Aecon Group from C$28.00 to C$33.00 in a research note on Monday, November 4th. Finally, BMO Capital Markets raised their price target on Aecon Group from C$16.50 to C$27.00 in a research note on Monday, November 4th. Five analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$26.80.

Aecon Group Trading Down 0.8 %

ARE stock traded down C$0.22 during trading on Wednesday, hitting C$27.78. 385,136 shares of the company traded hands, compared to its average volume of 293,195. The firm has a market capitalization of C$1.73 billion, a PE ratio of -102.93, a P/E/G ratio of 18.18 and a beta of 1.13. Aecon Group has a 1 year low of C$11.50 and a 1 year high of C$29.70. The company has a 50-day moving average of C$25.02 and a 200-day moving average of C$19.70. The company has a debt-to-equity ratio of 32.86, a quick ratio of 1.27 and a current ratio of 1.35.

About Aecon Group

Aecon Group Inc, together with its subsidiaries, provide construction and infrastructure development services to private and public sector clients in Canada, the United States, and internationally. It operates through two segments, Construction and Concessions. The Construction segment focuses on civil infrastructure, urban transportation solutions, nuclear power infrastructure, utility infrastructure, and conventional industrial infrastructure market sectors.