Aecon Group Inc (TSE:ARE) was upgraded by equities research analysts at National Bank Financial from a “reduce” rating to an “outperform” rating in a report issued on Tuesday.

Several other equities research analysts have also issued reports on ARE. RBC Capital Markets reduced their price objective on shares of Aecon Group from C$19.00 to C$16.00 in a research note on Thursday, November 3rd. BMO Capital Markets lifted their price objective on shares of Aecon Group from C$17.50 to C$20.00 in a research note on Monday, August 8th. CIBC lifted their price objective on shares of Aecon Group from C$19.00 to C$20.00 in a research note on Friday, August 5th. Desjardins reduced their price objective on shares of Aecon Group from C$21.00 to C$18.00 and set a “buy” rating for the company in a research note on Thursday, November 3rd. Finally, Paradigm Capital lifted their price objective on shares of Aecon Group from C$19.25 to C$22.50 and gave the company a “buy” rating in a research note on Friday, August 5th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of C$18.64.

Analyst Recommendations for Aecon Group (TSE:ARE)

Shares of Aecon Group (TSE:ARE) opened at 14.32 on Tuesday. Aecon Group has a 52 week low of $12.75 and a 52 week high of $19.19. The stock’s 50 day moving average price is $16.68 and its 200 day moving average price is $17.47. The firm has a market capitalization of $822.70 million and a P/E ratio of 14.64.

In other news, Director John Michael Beck sold 96,094 shares of the business’s stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of C$18.87, for a total transaction of C$1,813,293.78.

Aecon Group Company Profile

Aecon Group Inc is a construction and infrastructure development company. The Company 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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