Aecon Group (TSE:ARE) Price Target Cut to C$25.00 by Analysts at Canaccord Genuity Group

Aecon Group (TSE:ARE) had its target price dropped by investment analysts at Canaccord Genuity Group from C$26.00 to C$25.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 72.53% from the stock’s current price.

A number of other equities research analysts have also recently commented on ARE. Royal Bank of Canada reduced their target price on shares of Aecon Group from C$16.00 to C$13.00 and set a “sector perform” rating for the company in a report on Tuesday. BMO Capital Markets cut shares of Aecon Group from an “outperform” rating to a “market perform” rating and reduced their target price for the company from C$18.50 to C$17.50 in a report on Tuesday. TD Securities cut their price target on shares of Aecon Group from C$18.00 to C$17.00 and set a “hold” rating for the company in a report on Tuesday. Stifel Nicolaus increased their price target on shares of Aecon Group from C$16.25 to C$16.50 in a report on Wednesday. Finally, Desjardins cut their price target on shares of Aecon Group from C$20.00 to C$18.00 and set a “buy” rating for the company in a report on Tuesday. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of C$18.32.

Aecon Group Stock Up 3.4 %

Shares of TSE:ARE traded up C$0.48 during trading on Wednesday, hitting C$14.49. The company’s stock had a trading volume of 418,916 shares, compared to its average volume of 302,794. The business has a 50 day moving average price of C$16.68 and a two-hundred day moving average price of C$15.50. The company has a market capitalization of C$902.29 million, a PE ratio of 6.74, a P/E/G ratio of 18.18 and a beta of 1.19. The company has a debt-to-equity ratio of 28.71, a quick ratio of 1.27 and a current ratio of 1.50. Aecon Group has a fifty-two week low of C$8.42 and a fifty-two week high of C$17.40.

Aecon Group (TSE:ARE) last issued its earnings results on Wednesday, April 24th. The company reported C($0.10) EPS for the quarter, topping analysts’ consensus estimates of C($0.14) by C$0.04. The firm had revenue of C$846.59 million during the quarter, compared to the consensus estimate of C$1.03 billion. Aecon Group had a net margin of 3.77% and a return on equity of 16.62%. As a group, research analysts expect that Aecon Group will post 0.9104803 EPS for the current fiscal year.

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.