Aecon Group (TSE:ARE) Stock Price Expected to Rise, CIBC Analyst Says

Aecon Group (TSE:ARE) had its price target upped by research 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 suggests a potential upside of 29.49% from the stock’s previous close.

A number of other research analysts have also issued reports on ARE. National Bankshares lowered Aecon Group from an “outperform” rating to a “sector perform” rating and lifted their target price for the stock from C$28.00 to C$30.00 in a report on Wednesday, December 4th. National Bank Financial downgraded shares of Aecon Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 3rd. Raymond James increased their target price on shares of Aecon Group from C$24.00 to C$28.00 in a research note on Tuesday, November 5th. Stifel Nicolaus lifted their price target on shares of Aecon Group from C$30.00 to C$31.00 in a research report on Friday, October 4th. Finally, ATB Capital increased their price objective on Aecon Group from C$21.00 to C$29.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Six equities research 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 company. According to data from MarketBeat, Aecon Group currently has a consensus rating of “Moderate Buy” and a consensus price target of C$27.53.

Aecon Group Stock Up 1.0 %

Shares of ARE stock opened at C$27.03 on Friday. Aecon Group has a 1 year low of C$11.75 and a 1 year high of C$29.70. The company has a debt-to-equity ratio of 32.86, a quick ratio of 1.27 and a current ratio of 1.35. The business’s fifty day moving average is C$26.10 and its 200-day moving average is C$20.26. The stock has a market cap of C$1.69 billion, a PE ratio of -100.11, 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.