Aecon Group Inc (TSE:ARE) Receives Average Recommendation of “Buy” from Brokerages
Shares of Aecon Group Inc (TSE:ARE) have been assigned an average recommendation of “Buy” from the nine analysts that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$19.43.
ARE has been the subject of several analyst reports. TD Securities upped their target price on shares of Aecon Group from C$19.50 to C$20.00 and gave the company a “buy” rating in a research note on Monday. Royal Bank Of Canada restated a “sector perform” rating on shares of Aecon Group in a research note on Tuesday, May 9th.
In related news, Director Jenah Susan Wolburgh acquired 2,000 shares of Aecon Group stock in a transaction on Friday, May 19th. The shares were purchased at an average cost of C$15.20 per share, for a total transaction of C$30,400.00.
Aecon Group (TSE ARE) traded down 1.02% during midday trading on Friday, hitting $14.62. 248,264 shares of the stock traded hands. The company’s 50-day moving average is $15.72 and its 200-day moving average is $16.10. Aecon Group has a one year low of $13.07 and a one year high of $19.19. The company has a market cap of $858.76 million and a PE ratio of 21.92.
Aecon Group Company Profile
Aecon Group Inc is a Canada-based construction and infrastructure development company. It operates through four segments: Infrastructure, Energy, Mining and Concessions. The Infrastructure segment includes all aspects of the construction of both public and private infrastructure in Canada, and on a selected basis, internationally.
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