Aecon Group (TSE:ARE) Price Target Increased to C$24.00 by Analysts at CIBC

Aecon Group (TSE:ARE) had its price target increased by CIBC from C$23.00 to C$24.00 in a research report sent to investors on Tuesday, BayStreet.CA reports.

A number of other equities analysts also recently commented on the stock. Canaccord Genuity lifted their target price on shares of Aecon Group from C$26.00 to C$27.00 and gave the stock a sector perform rating in a research note on Monday, July 29th. Royal Bank of Canada boosted their price target on shares of Aecon Group from C$20.00 to C$22.00 in a research note on Monday, July 29th. Raymond James reissued a strong-buy rating and issued a C$26.00 price target on shares of Aecon Group in a research note on Friday, July 26th. Finally, Desjardins boosted their price target on shares of Aecon Group from C$23.00 to C$24.00 and gave the company a buy rating in a research note on Monday, July 29th. Two analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of C$24.50.

Shares of ARE stock opened at C$19.51 on Tuesday. The company has a quick ratio of 1.51, a current ratio of 1.65 and a debt-to-equity ratio of 87.58. The stock’s 50-day moving average price is C$19.64. Aecon Group has a 12 month low of C$15.54 and a 12 month high of C$21.83. The stock has a market capitalization of $1.19 billion and a P/E ratio of 15.93.

Aecon Group Company Profile

Aecon Group Inc provides construction and infrastructure development services to private and public sector clients in Canada, the United States, and internationally. It operates through three segments: Infrastructure, Industrial, and Concessions. The Infrastructure segment is involved in the construction of roads and bridges, and rail and transit systems, as well as in municipal road construction, asphalt production and aggregates, material engineering and design, and foundation activities.

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Analyst Recommendations for Aecon Group (TSE:ARE)

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