TD Securities cut shares of Aecon Group (TSE:ARE – Get Rating) from a buy rating to a hold rating in a research report released on Tuesday, BayStreet.CA reports. TD Securities currently has C$12.50 price target on the stock, down from their previous price target of C$19.50.
ARE has been the topic of a number of other research reports. National Bankshares reduced their price target on Aecon Group from C$18.00 to C$13.00 and set a sector perform rating on the stock in a report on Tuesday. Royal Bank of Canada dropped their price target on Aecon Group from C$16.00 to C$13.00 and set a sector perform rating on the stock in a research report on Tuesday. Stifel Nicolaus lowered their price objective on Aecon Group from C$14.00 to C$11.00 in a research report on Tuesday. ATB Capital lowered their price objective on Aecon Group from C$18.25 to C$14.00 in a research report on Tuesday. Finally, CIBC lowered their price target on Aecon Group from C$16.00 to C$14.00 in a report on Tuesday. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of Hold and a consensus price target of C$15.41.
Aecon Group Trading Down 2.7 %
Shares of ARE stock opened at C$10.80 on Tuesday. The company has a quick ratio of 1.32, a current ratio of 1.45 and a debt-to-equity ratio of 95.83. The business has a 50-day moving average price of C$13.32 and a two-hundred day moving average price of C$15.22. Aecon Group has a 12-month low of C$10.57 and a 12-month high of C$22.28. The firm has a market cap of C$658.31 million and a P/E ratio of 13.50.
Aecon Group Announces Dividend
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 primarily on the civil infrastructure, urban transportation systems, nuclear power infrastructure, utility infrastructure, and conventional industrial infrastructure market sectors.
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