Aecon Group (TSE:ARE) Price Target Raised to C$18.50 at BMO Capital Markets

Aecon Group (TSE:ARE) had its price objective raised by BMO Capital Markets from C$17.50 to C$18.50 in a report issued on Friday, BayStreet.CA reports. BMO Capital Markets’ price objective suggests a potential upside of 8.76% from the stock’s current price.

A number of other equities analysts also recently issued reports on the company. Stifel Nicolaus increased their price target on Aecon Group from C$17.00 to C$18.25 in a research report on Friday. ATB Capital increased their price target on Aecon Group from C$15.25 to C$19.50 and gave the stock an “outperform” rating in a research report on Thursday, March 7th. Royal Bank of Canada increased their price target on Aecon Group from C$10.00 to C$13.00 and gave the stock a “sector perform” rating in a research report on Thursday, March 7th. Canaccord Genuity Group upped their price objective on Aecon Group from C$14.00 to C$26.00 and gave the stock a “buy” rating in a research note on Thursday, March 7th. Finally, Raymond James upped their price objective on Aecon Group from C$14.00 to C$16.00 and gave the stock a “market perform” rating in a research note on Thursday, March 7th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$19.17.

Aecon Group Price Performance

Aecon Group stock traded down C$0.10 during midday trading on Friday, reaching C$17.01. 219,021 shares of the stock traded hands, compared to its average volume of 325,537. The stock’s fifty day moving average is C$16.08 and its 200-day moving average is C$13.54. Aecon Group has a 12 month low of C$8.42 and a 12 month high of C$17.40. The stock has a market cap of C$1.06 billion, a P/E ratio of 8.10, a PEG ratio of 18.18 and a beta of 1.16. The company has a quick ratio of 1.27, a current ratio of 1.42 and a debt-to-equity ratio of 39.29.

Aecon Group (TSE:ARE) last announced its quarterly earnings results on Wednesday, April 24th. The company reported C($0.10) EPS for the quarter, beating analysts’ consensus estimates of C($0.14) by C$0.04. Aecon Group had a return on equity of 16.04% and a net margin of 3.49%. The company had revenue of C$846.59 million during the quarter, compared to analyst estimates of C$1.03 billion. As a group, equities research analysts anticipate that Aecon Group will post 0.7603047 EPS for the current year.

Insider Transactions at Aecon Group

In other news, Director Stuart Lee acquired 7,000 shares of Aecon Group stock in a transaction dated Friday, March 22nd. The stock was purchased at an average cost of C$16.33 per share, for a total transaction of C$114,310.00. In other news, Director Stuart Lee acquired 7,000 shares of Aecon Group stock in a transaction dated Friday, March 22nd. The stock was purchased at an average cost of C$16.33 per share, for a total transaction of C$114,310.00. Also, Senior Officer Adam Robert Borgatti bought 4,231 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The shares were bought at an average cost of C$13.07 per share, for a total transaction of C$55,299.17. Company insiders own 1.72% of the company’s stock.

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.