Aecon Group (TSE:ARE) Downgraded to Sector Perform Rating by National Bankshares

Aecon Group (TSE:ARE) was downgraded by equities researchers at National Bankshares from an “outperform” rating to a “sector perform” rating in a report issued on Wednesday,BayStreet.CA reports. They currently have a C$30.00 price target on the stock, up from their previous price target of C$28.00. National Bankshares’ price target points to a potential upside of 7.99% from the company’s previous close.

Several other research analysts have also issued reports on ARE. Stifel Nicolaus boosted their target price on Aecon Group from C$30.00 to C$31.00 in a research report on Friday, October 4th. CIBC boosted their target price on Aecon Group from C$25.00 to C$29.00 in a research report on Monday, November 4th. TD Securities upgraded Aecon Group from a “hold” rating to a “buy” rating and boosted their price target for the company from C$23.00 to C$35.00 in a report on Monday, November 4th. Raymond James boosted their price target on Aecon Group from C$24.00 to C$28.00 in a report on Tuesday, November 5th. Finally, BMO Capital Markets boosted their price target on Aecon Group from C$16.50 to C$27.00 in a report on Monday, November 4th. Five research analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$26.80.

Aecon Group Trading Down 0.8 %

Shares of TSE:ARE traded down C$0.22 during trading hours on Wednesday, hitting C$27.78. 385,136 shares of the company’s stock traded hands, compared to its average volume of 293,195. Aecon Group has a 1 year low of C$11.50 and a 1 year high of C$29.70. The business has a fifty day moving average price of C$25.02 and a 200-day moving average price of C$19.70. The firm has a market capitalization of C$1.73 billion, a P/E ratio of -102.93, a price-to-earnings-growth ratio of 18.18 and a beta of 1.13. The company has a debt-to-equity ratio of 32.86, a current ratio of 1.35 and a quick ratio of 1.27.

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.