Aecon Group (TSE:ARE) Given New C$45.00 Price Target at Desjardins

Aecon Group (TSE:ARE) had its price target boosted by Desjardins from C$43.00 to C$45.00 in a report issued on Monday,BayStreet.CA reports. The firm currently has a “hold” rating on the stock. Desjardins’ price objective suggests a potential upside of 7.73% from the company’s current price.

Other research analysts have also issued reports about the stock. Royal Bank Of Canada raised their target price on shares of Aecon Group from C$30.00 to C$41.00 and gave the company a “sector perform” rating in a report on Tuesday, March 10th. TD Securities upped their price target on shares of Aecon Group from C$39.00 to C$47.00 and gave the company a “buy” rating in a research note on Monday, March 9th. Canaccord Genuity Group increased their price objective on shares of Aecon Group from C$40.00 to C$52.00 and gave the company a “buy” rating in a research report on Monday, March 9th. ATB Cormark Capital Markets lifted their price objective on shares of Aecon Group from C$35.00 to C$39.00 and gave the stock a “sector perform” rating in a research note on Monday, March 9th. Finally, Stifel Nicolaus decreased their target price on shares of Aecon Group from C$34.25 to C$28.75 and set a “hold” rating on the stock in a research report on Monday, March 9th. Four analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Aecon Group presently has a consensus rating of “Hold” and a consensus price target of C$42.38.

Aecon Group Price Performance

Shares of TSE:ARE traded down C$0.02 during mid-day trading on Monday, reaching C$41.77. The stock had a trading volume of 278,558 shares, compared to its average volume of 494,785. The business’s 50 day moving average price is C$38.07 and its 200 day moving average price is C$31.49. Aecon Group has a 1 year low of C$15.21 and a 1 year high of C$44.71. The company has a market cap of C$2.68 billion, a P/E ratio of 181.61, a price-to-earnings-growth ratio of 18.18 and a beta of 1.10. The company has a current ratio of 1.10, a quick ratio of 1.27 and a debt-to-equity ratio of 65.17.

Aecon Group (TSE:ARE) last released its quarterly earnings results on Thursday, March 5th. The company reported C$0.52 earnings per share for the quarter. Aecon Group had a return on equity of 1.66% and a net margin of 0.28%.The business had revenue of C$1.54 billion during the quarter. Research analysts expect that Aecon Group will post 1.3793321 EPS for the current fiscal year.

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. Aecon generates the majority of its revenue from the Construction segment.