Aecon Group (TSE:ARE) Downgraded to “Hold” Rating by Stifel Nicolaus

Aecon Group (TSE:ARE) was downgraded by analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a report released on Friday,BayStreet.CA reports. They currently have a C$19.00 price target on the stock, down from their previous price target of C$31.00. Stifel Nicolaus’ price target indicates a potential upside of 5.79% from the company’s current price.

Several other research analysts have also recently commented on ARE. CIBC reduced their price target on Aecon Group from C$33.00 to C$30.00 in a research report on Friday. BMO Capital Markets reduced their price target on Aecon Group from C$29.00 to C$24.00 in a research report on Friday. National Bankshares cut Aecon Group from an “outperform” rating to a “sector perform” rating and increased their price target for the company from C$28.00 to C$30.00 in a research report on Wednesday, December 4th. National Bank Financial cut Aecon Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 3rd. Finally, TD Securities cut their price objective on Aecon Group from C$35.00 to C$30.00 and set a “buy” rating for the company in a research report on Friday. Eight research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of C$24.98.

Aecon Group Stock Performance

Shares of TSE ARE opened at C$17.96 on Friday. The stock has a 50 day moving average price of C$24.19 and a 200 day moving average price of C$23.84. Aecon Group has a 52 week low of C$13.03 and a 52 week high of C$29.70. The company has a debt-to-equity ratio of 32.84, a quick ratio of 1.27 and a current ratio of 1.19. The stock has a market capitalization of C$1.14 billion, a PE ratio of -17.67, a price-to-earnings-growth ratio of 18.18 and a beta of 1.13.

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.