Aecon Group (TSE:ARE – Get Rating) had its target price reduced by Raymond James from C$21.00 to C$17.00 in a report published on Tuesday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.
Other analysts also recently issued reports about the company. Stifel Nicolaus decreased their price target on Aecon Group from C$18.00 to C$14.00 in a research note on Monday, July 11th. Royal Bank of Canada decreased their target price on Aecon Group from C$18.00 to C$16.00 and set a sector perform rating on the stock in a research report on Thursday, July 21st. Finally, CIBC downgraded Aecon Group from an outperform rating to a neutral rating and decreased their target price for the stock from C$20.00 to C$16.00 in a research report on Wednesday, July 13th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus target price of C$15.41.
Aecon Group Stock Down 2.7 %
Aecon Group stock opened at C$10.80 on Tuesday. The company has a debt-to-equity ratio of 95.83, a current ratio of 1.45 and a quick ratio of 1.32. Aecon Group has a 1-year low of C$10.57 and a 1-year high of C$22.28. The company has a market cap of C$658.31 million and a PE ratio of 13.50. The stock’s 50 day moving average price is C$13.32 and its 200 day moving average price is C$15.22.
Aecon Group Dividend Announcement
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 primarily on the civil infrastructure, urban transportation systems, nuclear power infrastructure, utility infrastructure, and conventional industrial infrastructure market sectors.
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