Aecon Group (TSE:ARE – Get Free Report) had its price objective boosted by investment analysts at CIBC from C$21.00 to C$22.00 in a research note issued on Thursday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. CIBC’s price target would indicate a potential upside of 30.80% from the company’s current price.
A number of other analysts have also recently commented on the stock. Raymond James upped their target price on shares of Aecon Group from C$14.00 to C$16.00 and gave the company a “market perform” rating in a report on Thursday, March 7th. National Bankshares increased their price objective on shares of Aecon Group from C$10.50 to C$15.00 and gave the stock a “sector perform” rating in a research note on Thursday, March 7th. Royal Bank of Canada increased their price objective on shares of Aecon Group from C$10.00 to C$13.00 and gave the stock a “sector perform” rating in a research note on Thursday, March 7th. ATB Capital increased their price objective on shares of Aecon Group from C$15.25 to C$19.50 and gave the stock an “outperform” rating in a research note on Thursday, March 7th. Finally, TD Securities increased their price objective on shares of Aecon Group from C$14.00 to C$18.50 and gave the stock a “hold” rating in a research note on Friday, March 8th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$18.18.
Check Out Our Latest Stock Report on Aecon Group
Aecon Group Stock Performance
Aecon Group (TSE:ARE – Get Free Report) last announced its earnings results on Tuesday, March 5th. The company reported C$0.15 EPS for the quarter, missing analysts’ consensus estimates of C$0.17 by C($0.02). Aecon Group had a net margin of 3.49% and a return on equity of 16.04%. The business had revenue of C$1.13 billion for the quarter, compared to analysts’ expectations of C$1.22 billion. As a group, analysts anticipate that Aecon Group will post 0.7603047 EPS for the current year.
Insider Activity at Aecon Group
In related news, Senior Officer Martina Doyle sold 2,265 shares of the firm’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of C$16.42, for a total transaction of C$37,191.30. In other Aecon Group news, Director Stuart Lee acquired 7,000 shares of the stock in a transaction on Friday, March 22nd. The stock was acquired at an average price of C$16.33 per share, for a total transaction of C$114,310.00. Also, Senior Officer Martina Doyle sold 2,265 shares of the stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of C$16.42, for a total transaction of C$37,191.30. 1.72% of the stock is currently owned by corporate insiders.
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.
See Also
- Five stocks we like better than Aecon Group
- What is a Dividend Harvesting Strategy and How Can Investors Profit from it?
- Comprehensive PepsiCo Stock Analysis
- What is the FTSE 100 index?
- CSX Co.: The Railroad Powering Ahead with an Earnings Beat
- Retail Stocks Investing, Explained
- Bear Market Funds to Watch This Year
Receive News & Ratings for Aecon Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aecon Group and related companies with MarketBeat.com's FREE daily email newsletter.