Aecon Group Inc (ARE) Receives Consensus Rating of “Buy” from Brokerages

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Aecon Group Inc (TSE:ARE) has earned a consensus rating of “Buy” from the nine research firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is C$22.00.

Several brokerages have weighed in on ARE. CIBC boosted their price objective on Aecon Group from C$20.00 to C$21.00 in a research note on Monday. Raymond James reissued a “c$15.39” rating and set a C$20.50 price objective on shares of Aecon Group in a research note on Thursday, July 19th. TD Securities boosted their target price on Aecon Group from C$21.00 to C$23.00 and gave the company a “buy” rating in a research report on Monday. Royal Bank of Canada boosted their target price on Aecon Group from C$17.00 to C$18.00 and gave the company a “sector perform” rating in a research report on Thursday, October 4th. Finally, AltaCorp Capital upgraded Aecon Group from an “underperform” rating to a “sector perform” rating in a research report on Monday, July 30th.

In other Aecon Group news, Director John Michael Beck sold 20,922 shares of the business’s stock in a transaction that occurred on Monday, September 17th. The stock was sold at an average price of C$16.51, for a total transaction of C$345,422.22.

Shares of TSE ARE opened at C$18.93 on Thursday. Aecon Group has a 1-year low of C$14.27 and a 1-year high of C$20.06.

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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Analyst Recommendations for Aecon Group (TSE:ARE)

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