Aecon Group Inc (ARE) Downgraded to “Sector Perform” at National Bank Financial
Aecon Group Inc (TSE:ARE) was downgraded by equities research analysts at National Bank Financial from an “outperform” rating to a “sector perform” rating in a report issued on Monday, StockTargetPrices.com reports. They currently have a C$23.00 target price on the stock. National Bank Financial’s target price would suggest a potential upside of 41.45% from the stock’s previous close.
ARE has been the subject of several other research reports. Scotiabank increased their price target on Aecon Group from C$19.00 to C$21.00 and gave the company an “outperform” rating in a report on Monday, August 28th. Raymond James Financial, Inc. cut their price target on Aecon Group from C$21.00 to C$19.00 and set an “outperform” rating for the company in a report on Monday, October 16th. TD Securities increased their price target on Aecon Group from C$19.50 to C$20.00 and gave the company a “buy” rating in a report on Monday, July 31st. Finally, Royal Bank Of Canada set a C$18.00 price target on Aecon Group and gave the company a “sector perform” rating in a report on Monday. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of C$19.88.
Aecon Group (TSE:ARE) traded down 0.49% during mid-day trading on Monday, reaching $16.26. The company’s stock had a trading volume of 551,008 shares. Aecon Group has a 12-month low of $13.07 and a 12-month high of $18.17. The firm’s 50 day moving average is $17.25 and its 200-day moving average is $16.08. The company has a market cap of $955.10 million and a PE ratio of 24.38.
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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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