Aecon Group Inc (ARE) Receives Average Rating of “Buy” from Analysts
Aecon Group Inc (TSE:ARE) has been given a consensus recommendation of “Buy” by the eight analysts that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is C$19.33.
Several research analysts have recently issued reports on the company. TD Securities raised their price target on 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. Royal Bank Of Canada restated a “sector perform” rating on shares of Aecon Group in a research report on Tuesday, May 9th.
In other Aecon Group news, Director Jenah Susan Wolburgh bought 2,000 shares of Aecon Group stock in a transaction on Friday, May 19th. The shares were purchased at an average cost of C$15.20 per share, for a total transaction of C$30,400.00.
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Shares of Aecon Group (ARE) opened at 14.52 on Friday. Aecon Group has a one year low of $13.07 and a one year high of $19.10. The stock has a market capitalization of $852.89 million and a P/E ratio of 21.77. The stock’s 50 day moving average price is $15.51 and its 200 day moving average price is $16.03.
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.
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