Aecon Group Inc (ARE) Earns Sector Perform Rating from Royal Bank Of Canada
Aecon Group Inc (TSE:ARE)‘s stock had its “sector perform” rating restated by research analysts at Royal Bank Of Canada in a research note issued to investors on Monday. They currently have a C$18.00 target price on the stock. Royal Bank Of Canada’s price target points to a potential upside of 10.70% from the stock’s previous close.
A number of other equities research analysts also recently issued reports on ARE. TD Securities increased their target price on shares of 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. Scotiabank increased their target price on shares of Aecon Group from C$19.00 to C$21.00 and gave the stock an “outperform” rating in a research report on Monday, August 28th. Finally, Raymond James Financial, Inc. cut their target price on shares of Aecon Group from C$21.00 to C$19.00 and set an “outperform” rating for the company in a research report on Monday, October 16th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of C$19.88.
Shares of Aecon Group (ARE) traded down 0.49% during mid-day trading on Monday, hitting $16.26. 551,008 shares of the stock traded hands. The stock has a 50-day moving average of $17.25 and a 200-day moving average of $16.08. Aecon Group has a 52 week low of $13.07 and a 52 week high of $18.17. The company has a market cap of $955.10 million and a price-to-earnings 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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