Aecon Group (TSE:ARE – Get Free Report) had its price target hoisted by investment analysts at National Bankshares from C$15.00 to C$18.00 in a research report issued on Friday, BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bankshares’ target price would indicate a potential upside of 5.82% from the company’s previous close.
Other analysts have also recently issued reports about the stock. TD Securities upped their price target on shares of Aecon Group from C$14.00 to C$18.50 and gave the company a “hold” rating in a research note on Friday, March 8th. Royal Bank of Canada upped their price target on shares of Aecon Group from C$10.00 to C$13.00 and gave the company a “sector perform” rating in a research note on Thursday, March 7th. BMO Capital Markets increased their target price on shares of Aecon Group from C$17.50 to C$18.50 in a research note on Friday. Canaccord Genuity Group increased their target price on shares of Aecon Group from C$14.00 to C$26.00 and gave the stock a “buy” rating in a research note on Thursday, March 7th. Finally, ATB Capital increased their target price on shares of Aecon Group from C$15.25 to C$19.50 and gave the stock an “outperform” rating in a research note on Thursday, March 7th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Aecon Group has an average rating of “Moderate Buy” and a consensus target price of C$19.17.
Check Out Our Latest Stock Report on ARE
Aecon Group Stock Down 0.6 %
Aecon Group (TSE:ARE – Get Free Report) last released its earnings results on Wednesday, April 24th. The company reported C($0.10) earnings per share for the quarter, beating analysts’ consensus estimates of C($0.14) by C$0.04. The firm had revenue of C$846.59 million for the quarter, compared to analysts’ expectations of C$1.03 billion. Aecon Group had a net margin of 3.49% and a return on equity of 16.04%. Equities research analysts forecast that Aecon Group will post 0.7603047 EPS for the current year.
Insider Activity at Aecon Group
In related news, Senior Officer Martina Doyle sold 2,265 shares of the stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of C$16.42, for a total transaction of C$37,191.30. In related news, Senior Officer Martina Doyle sold 2,265 shares of the stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of C$16.42, for a total transaction of C$37,191.30. Also, Director Stuart Lee bought 7,000 shares of Aecon Group stock in a transaction that occurred on Friday, March 22nd. The shares were acquired at an average cost of C$16.33 per share, for a total transaction of C$114,310.00. 1.72% of the stock is owned by insiders.
About Aecon Group
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.
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