Aecon Group (ARE) Upgraded by AltaCorp Capital to “Outperform”

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AltaCorp Capital upgraded shares of Aecon Group (TSE:ARE) from a sector perform rating to an outperform rating in a report published on Monday.

Several other analysts have also recently issued reports on ARE. National Bank Financial upped their price target on shares of Aecon Group from C$20.00 to C$21.00 and gave the company an outperform rating in a report on Monday. Royal Bank of Canada upped their price target on shares of Aecon Group from C$18.00 to C$20.00 and gave the company a sector perform rating in a report on Monday. TD Securities upped their price target on shares of Aecon Group from C$21.00 to C$23.00 and gave the company a buy rating in a report on Monday. Desjardins upped their price target on shares of Aecon Group from C$21.00 to C$22.00 in a report on Monday. Finally, Raymond James reaffirmed a c$15.39 rating and issued a C$20.50 price target on shares of Aecon Group in a report on Thursday, July 19th. One research analyst has rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of C$22.00.

ARE opened at C$18.64 on Monday. Aecon Group has a 12-month low of C$14.27 and a 12-month high of C$20.06.

In other Aecon Group news, Director John Michael Beck sold 48,800 shares of the stock in a transaction on Thursday, September 13th. The shares were sold at an average price of C$16.66, for a total transaction of C$813,008.00.

About Aecon Group

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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Analyst Recommendations for Aecon Group (TSE:ARE)

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