BMO Capital Markets Raises Aecon Group (TSE:ARE) Price Target to C$29.00

Aecon Group (TSE:ARE) had its target price raised by stock analysts at BMO Capital Markets from C$27.00 to C$29.00 in a note issued to investors on Friday,BayStreet.CA reports. BMO Capital Markets’ target price would indicate a potential upside of 2.36% from the company’s previous close.

Other research analysts have also issued reports about the stock. Stifel Nicolaus lifted their price target on shares of Aecon Group from C$30.00 to C$31.00 in a research note on Friday, October 4th. National Bankshares downgraded shares of Aecon Group from an “outperform” rating to a “sector perform” rating and boosted their price target for the stock from C$28.00 to C$30.00 in a research note on Wednesday. Raymond James raised their price objective on Aecon Group from C$24.00 to C$28.00 in a research note on Tuesday, November 5th. Canaccord Genuity Group increased their target price on Aecon Group from C$28.00 to C$33.00 in a report on Monday, November 4th. Finally, National Bank Financial cut Aecon Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Six equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$26.98.

Aecon Group Stock Performance

Shares of ARE stock traded up C$0.23 on Friday, hitting C$28.33. 130,118 shares of the stock were exchanged, compared to its average volume of 294,493. The firm has a market capitalization of C$1.77 billion, a PE ratio of -104.93, a P/E/G ratio of 18.18 and a beta of 1.13. Aecon Group has a one year low of C$11.50 and a one year high of C$29.70. The company has a current ratio of 1.35, a quick ratio of 1.27 and a debt-to-equity ratio of 32.86. The firm’s 50 day moving average is C$25.33 and its two-hundred day moving average is C$19.83.

Aecon Group Company Profile

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.