Aecon Group Inc (ARE) Insider Sells C$14,657.14 in Stock

Aecon Group Inc (TSE:ARE) insider Alistair Maccallum sold 769 shares of the business’s stock in a transaction on Wednesday, November 7th. The stock was sold at an average price of C$19.06, for a total transaction of C$14,657.14.

Shares of ARE stock traded up C$0.02 on Friday, reaching C$19.69. 237,600 shares of the stock were exchanged, compared to its average volume of 367,112. The company has a current ratio of 1.46, a quick ratio of 1.21 and a debt-to-equity ratio of 90.76. Aecon Group Inc has a twelve month low of C$14.27 and a twelve month high of C$20.06.

A number of equities analysts recently commented on the stock. National Bank Financial boosted their target price on shares of Aecon Group from C$18.00 to C$19.00 and gave the stock an “outperform” rating in a research note on Monday, July 30th. Desjardins reiterated a “buy” rating on shares of Aecon Group in a research note on Wednesday, September 26th. TD Securities boosted their target price on shares of Aecon Group from C$21.00 to C$23.00 and gave the stock a “buy” rating in a research note on Monday, October 29th. Royal Bank of Canada boosted their target price on shares of Aecon Group from C$17.00 to C$18.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 4th. Finally, Raymond James reiterated a “c$15.39” rating and set a C$20.50 target price on shares of Aecon Group in a research note on Thursday, July 19th. One analyst has rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of C$22.00.

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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 four segments: Infrastructure, Energy, Mining, and Concessions. The Infrastructure segment is involved in the construction of roads and bridges, and rail and transit systems, as well as in asphalt production and aggregates, municipal construction, commercial site design, and material engineering and design activities.

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