Stifel Canada Downgrades Aecon Group (TSE:ARE) to Hold

Aecon Group (TSE:ARE) was downgraded by stock analysts at Stifel Canada from a “strong-buy” rating to a “hold” rating in a report released on Thursday,Zacks.com reports.

ARE has been the subject of several other reports. Desjardins dropped their target price on shares of Aecon Group from C$32.00 to C$29.00 and set a “buy” rating for the company in a research report on Friday. National Bankshares reduced their target price on shares of Aecon Group from C$30.00 to C$23.00 and set a “sector perform” rating on the stock in a report on Friday. Stifel Nicolaus lowered shares of Aecon Group from a “buy” rating to a “hold” rating and reduced their price objective for the company from C$31.00 to C$19.00 in a research note on Friday. CIBC dropped their target price on shares of Aecon Group from C$33.00 to C$30.00 in a research report on Friday. Finally, Raymond James cut their target price on shares of Aecon Group from C$28.00 to C$23.00 and set a “market perform” rating on the stock in a research note on Friday. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Aecon Group has an average rating of “Hold” and a consensus price target of C$24.98.

Aecon Group Stock Performance

Shares of ARE stock opened at C$17.96 on Thursday. Aecon Group has a 52 week low of C$13.03 and a 52 week high of C$29.70. The company has a debt-to-equity ratio of 32.84, a quick ratio of 1.27 and a current ratio of 1.19. The company has a 50-day simple moving average of C$24.38 and a 200 day simple moving average of C$23.88. The company has a market capitalization of C$1.14 billion, a price-to-earnings ratio of -17.67, a PEG ratio of 18.18 and a beta of 1.13.

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.