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Aecon Group (TSE:ARE) has earned a consensus recommendation of “Buy” from the nine analysts that are currently covering the company, American Banking and Market News reports. Eight investment analysts have rated the stock with a buy recommendation, The average 1-year target price among brokerages that have issued ratings on the stock in the last year is C$21.18.

Aecon Group (TSE:ARE) traded down 0.18% during mid-day trading on Friday, hitting $16.57. 330 shares of the company’s stock traded hands. Aecon Group has a 52-week low of $12.80 and a 52-week high of $18.75. The stock’s 50-day moving average is $16.5 and its 200-day moving average is $16.87. The company has a market cap of $887.0 million and a P/E ratio of 35.32.

A number of analysts have recently weighed in on ARE shares. Analysts at Scotiabank cut their price target on shares of Aecon Group from C$20.50 to C$20.00 in a research note on Wednesday, August 13th. They now have an “outperform” rating on the stock. Separately, analysts at Paradigm Capital raised their price target on shares of Aecon Group from C$20.50 to C$21.75 in a research note on Wednesday, August 13th. They now have a “buy” rating on the stock. Finally, analysts at Canaccord Genuity raised their price target on shares of Aecon Group from C$21.00 to C$23.00 in a research note on Wednesday, August 13th. They now have a “buy” rating on the stock.

Aecon Group Inc (TSE:ARE) is a provider of construction, contracting and infrastructure development services across Canada.

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