Aecon Group (TSE:ARE – Get Free Report) had its price objective increased by equities research analysts at Paradigm Capital from C$14.00 to C$17.80 in a report released on Friday, BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. Paradigm Capital’s price target indicates a potential upside of 4.64% from the company’s previous close.
A number of other equities research analysts also recently issued reports on the company. Raymond James increased their price objective on Aecon Group from C$16.00 to C$17.00 and gave the stock a “market perform” rating in a research report on Friday. National Bankshares increased their price objective on Aecon Group from C$15.00 to C$18.00 and gave the stock a “sector perform” rating in a research report on Friday. ATB Capital increased their price objective on Aecon Group from C$15.25 to C$19.50 and gave the stock an “outperform” rating in a research report on Thursday, March 7th. Royal Bank of Canada increased their price objective on Aecon Group from C$10.00 to C$13.00 and gave the stock a “sector perform” rating in a research report on Thursday, March 7th. Finally, CIBC raised their price target on Aecon Group from C$22.00 to C$23.00 and gave the company an “outperform” rating in a research report on Friday. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$19.17.
View Our Latest Analysis on Aecon Group
Aecon Group Stock Performance
Aecon Group (TSE:ARE – Get Free Report) last posted its quarterly earnings results on Wednesday, April 24th. The company reported C($0.10) EPS for the quarter, topping analysts’ consensus estimates of C($0.14) by C$0.04. Aecon Group had a return on equity of 16.04% and a net margin of 3.49%. The firm had revenue of C$846.59 million during the quarter, compared to analyst estimates of C$1.03 billion. On average, analysts forecast that Aecon Group will post 0.7603047 earnings per share for the current fiscal year.
Insider Transactions at Aecon Group
In related news, Senior Officer Martina Doyle sold 2,265 shares of the firm’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of C$16.42, for a total value of C$37,191.30. In related news, Senior Officer Martina Doyle sold 2,265 shares of the firm’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of C$16.42, for a total value of C$37,191.30. Also, Director Stuart Lee purchased 7,000 shares of the company’s stock in a transaction that occurred on Friday, March 22nd. The stock was acquired at an average cost of C$16.33 per share, with a total value of C$114,310.00. Company insiders own 1.72% of the company’s stock.
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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