Aecon Group Inc (TSE:ARE) has been given an average rating of “Buy” by the twelve ratings firms that are presently covering the stock. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is C$18.80.

A number of brokerages have recently issued reports on ARE. CIBC lifted their price target on Aecon Group from C$19.00 to C$20.00 in a research note on Friday, August 5th. Paradigm Capital boosted their price objective on Aecon Group from C$19.25 to C$22.50 and gave the stock a “buy” rating in a research note on Friday, August 5th. TD Securities boosted their price objective on Aecon Group from C$19.00 to C$22.00 and gave the stock a “buy” rating in a research note on Friday, August 5th. Scotiabank lowered their price objective on Aecon Group from C$21.00 to C$18.00 and set an “outperform” rating on the stock in a research note on Thursday, November 3rd. Finally, Royal Bank Of Canada lowered their price objective on Aecon Group from C$19.00 to C$16.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 3rd.

Aecon Group (TSE:ARE) opened at 15.55 on Tuesday. The stock’s 50 day moving average price is $16.05 and its 200-day moving average price is $17.38. The company has a market cap of $893.36 million and a P/E ratio of 15.90. Aecon Group has a 52-week low of $12.75 and a 52-week high of $19.19.

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

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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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