Aecon Group Inc (TSE:ARE) – Research analysts at National Bank Financial cut their Q3 2017 earnings per share estimates for shares of Aecon Group in a research report issued to clients and investors on Sunday. National Bank Financial analyst M. Sytchev now expects that the company will post earnings of $0.39 per share for the quarter, down from their previous forecast of $0.41. National Bank Financial has a “Sector Perform” rating and a $23.00 price target on the stock.

Several other brokerages have also weighed in 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 note on Monday, July 31st. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a C$18.00 target price on shares of Aecon Group in a research note on Monday. 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 note on Monday, August 28th. Finally, Raymond James Financial, Inc. lowered 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 note 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 currently has a consensus rating of “Buy” and an average target price of C$19.88.

TRADEMARK VIOLATION WARNING: “Aecon Group Inc (ARE) Expected to Earn Q3 2017 Earnings of $0.39 Per Share” was originally reported by American Banking News and is owned by of American Banking News. If you are viewing this article on another publication, it was stolen and republished in violation of US and international trademark and copyright laws. The correct version of this article can be viewed at

Shares of Aecon Group (ARE) opened at 16.26 on Tuesday. The stock has a market capitalization of $955.10 million and a PE ratio of 24.38. Aecon Group has a 52-week low of $13.07 and a 52-week high of $18.17. The firm has a 50-day moving average of $17.23 and a 200 day moving average of $16.06.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 22nd were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 3.08%. The ex-dividend date was Thursday, September 21st.

About Aecon Group

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.

Receive News & Ratings for Aecon Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aecon Group Inc and related companies with's FREE daily email newsletter.