Aecon Group Inc (ARE) Given Average Recommendation of “Buy” by Brokerages
Shares of Aecon Group Inc (TSE:ARE) have been given a consensus rating of “Buy” by the eight brokerages that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$19.67.
ARE has been the subject of a number of analyst reports. Scotiabank raised their price target on Aecon Group from C$19.00 to C$21.00 and gave the stock an “outperform” rating in a research report on Monday. Royal Bank Of Canada restated a “sector perform” rating on shares of Aecon Group in a research report on Tuesday, May 9th. Finally, TD Securities raised their price target on Aecon Group from C$19.50 to C$20.00 and gave the stock a “buy” rating in a research report on Monday, July 31st.
Aecon Group (TSE ARE) traded up 0.48% during trading on Tuesday, reaching $16.92. 450,227 shares of the company were exchanged. The firm’s 50-day moving average is $15.18 and its 200 day moving average is $15.92. Aecon Group has a one year low of $13.07 and a one year high of $18.97. The company has a market capitalization of $993.86 million and a P/E ratio of 25.37.
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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