Aecon Group Receives Average Recommendation of “Buy” from Analysts (TSE:ARE)
Aecon Group (TSE:ARE) has earned a consensus rating of “Buy” from the ten analysts that are presently covering the company, AmericanBankingNews.com reports. Nine research analysts have rated the stock with a buy recommendation, The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$20.19.
Several analysts have recently commented on the stock. Analysts at National Bank Financial initiated coverage on shares of Aecon Group in a research note on Thursday. They set an “outperform” rating on the stock. Analysts at TD Securities raised their price target on shares of Aecon Group from C$20.00 to C$21.00 in a research note on Monday, May 12th. They now have a “buy” rating on the stock.
Aecon Group (TSE:ARE) opened at 16.54 on Monday. Aecon Group has a 52 week low of $11.65 and a 52 week high of $18.75. The stock has a 50-day moving average of $16.73 and a 200-day moving average of $16.73. The company has a market cap of $879.8 million and a price-to-earnings ratio of 19.70.
Aecon Group (TSE:ARE) last posted its quarterly earnings results on Friday, May 9th. The company reported ($0.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by $0.28. Analysts expect that Aecon Group will post $1.12 EPS for the current fiscal year.
Aecon Group Inc (TSE:ARE) is a provider of construction, contracting and infrastructure development services across Canada.
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