Aecon Group (TSE:ARE) Price Target Raised to C$35.00 at CIBC

Aecon Group (TSE:ARE) had its target price upped by investment analysts at CIBC from C$29.00 to C$35.00 in a research note issued on Friday,BayStreet.CA reports. CIBC’s target price indicates a potential upside of 28.63% from the stock’s current price.

ARE has been the topic of a number of other research reports. Raymond James increased their price target on Aecon Group from C$24.00 to C$28.00 in a research note on Tuesday, November 5th. Stifel Nicolaus raised their price objective on shares of Aecon Group from C$30.00 to C$31.00 in a research report on Friday, October 4th. National Bank Financial downgraded Aecon Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 3rd. Canaccord Genuity Group lifted their price target on Aecon Group from C$28.00 to C$33.00 in a report on Monday, November 4th. Finally, TD Securities upgraded Aecon Group from a “hold” rating to a “buy” rating and boosted their price target for the company from C$23.00 to C$35.00 in a research note on Monday, November 4th. Six analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$27.53.

Aecon Group Stock Up 1.7 %

Shares of TSE ARE traded up C$0.45 during trading hours on Friday, hitting C$27.21. The company had a trading volume of 146,156 shares, compared to its average volume of 295,339. Aecon Group has a 1-year low of C$11.75 and a 1-year high of C$29.70. The company has a quick ratio of 1.27, a current ratio of 1.35 and a debt-to-equity ratio of 32.86. The firm’s 50 day moving average is C$25.98 and its 200-day moving average is C$20.19. The stock has a market capitalization of C$1.70 billion, a P/E ratio of -100.30, a price-to-earnings-growth ratio of 18.18 and a beta of 1.13.

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.