Aecon Group (TSE:ARE) Price Target Lowered to C$16.00 at Stifel Nicolaus

Aecon Group (TSE:ARE) had its target price dropped by equities research analysts at Stifel Nicolaus from C$19.00 to C$16.00 in a research note issued on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price target would indicate a potential downside of 8.15% from the stock’s current price.

ARE has been the subject of a number of other research reports. BMO Capital Markets dropped their price objective on Aecon Group from C$29.00 to C$24.00 in a report on Friday, March 7th. TD Securities reduced their target price on Aecon Group from C$35.00 to C$30.00 and set a “buy” rating for the company in a research note on Friday, March 7th. National Bankshares raised Aecon Group from a “sector perform” rating to an “outperform” rating in a research note on Monday, March 10th. National Bank Financial raised shares of Aecon Group from a “hold” rating to a “strong-buy” rating in a research note on Sunday, March 9th. Finally, Desjardins reduced their price objective on shares of Aecon Group from C$32.00 to C$29.00 and set a “buy” rating on the stock in a report on Friday, March 7th. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$25.07.

Aecon Group Stock Performance

Shares of TSE ARE traded up C$0.21 during trading on Thursday, hitting C$17.42. The company had a trading volume of 170,906 shares, compared to its average volume of 473,232. The company has a debt-to-equity ratio of 32.84, a quick ratio of 1.27 and a current ratio of 1.19. Aecon Group has a 12 month low of C$13.03 and a 12 month high of C$29.70. The stock has a 50 day simple moving average of C$19.46 and a 200 day simple moving average of C$23.51. The firm has a market capitalization of C$1.10 billion, a P/E ratio of -17.14, a price-to-earnings-growth ratio of 18.18 and a beta of 1.13.

Insiders Place Their Bets

In other news, Director Stuart Lee acquired 5,700 shares of the firm’s stock in a transaction on Monday, March 10th. The stock was purchased at an average price 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.

About Aecon Group

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.