Aecon Group (TSE:ARE) Given New C$20.00 Price Target at Royal Bank of Canada

Aecon Group (TSE:ARE) had its price target cut by Royal Bank of Canada from C$27.00 to C$20.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. Royal Bank of Canada’s price objective points to a potential upside of 9.41% from the company’s current price.

A number of other equities analysts also recently commented on the stock. National Bankshares cut their target price on shares of Aecon Group from C$30.00 to C$23.00 and set a “sector perform” rating on the stock in a research note on Friday. Raymond James dropped their price target on shares of Aecon Group from C$28.00 to C$23.00 and set a “market perform” rating on the stock in a research note on Friday. Stifel Canada downgraded shares of Aecon Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday. CIBC dropped their price target on shares of Aecon Group from C$33.00 to C$30.00 in a research note on Friday. Finally, National Bank Financial downgraded shares of Aecon Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 3rd. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Aecon Group currently has a consensus rating of “Hold” and an average price target of C$25.25.

Aecon Group Trading Up 1.8 %

Shares of ARE traded up C$0.32 during mid-day trading on Monday, reaching C$18.28. The company had a trading volume of 622,039 shares, compared to its average volume of 433,857. The stock has a market cap of C$1.16 billion, a price-to-earnings ratio of -17.98, a price-to-earnings-growth ratio of 18.18 and a beta of 1.13. The firm has a fifty day simple moving average of C$24.19 and a 200-day simple moving average of C$23.92. Aecon Group has a fifty-two week low of C$13.03 and a fifty-two week high of C$29.70. The company has a current ratio of 1.19, a quick ratio of 1.27 and a debt-to-equity ratio of 32.84.

Insider Activity

In related news, Director Stuart Lee purchased 5,700 shares of the company’s stock in a transaction on Monday, March 10th. The shares were bought at an average cost of C$18.35 per share, for a total transaction of C$104,595.00. Company insiders own 0.82% of the company’s stock.

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.