Aecon Group Inc (ARE) Given New C$21.00 Price Target at Scotiabank
Aecon Group Inc (TSE:ARE) had its price objective lifted by Scotiabank from C$19.00 to C$21.00 in a research report sent to investors on Monday morning. Scotiabank currently has an outperform rating on the stock.
ARE has been the subject of several other research reports. Royal Bank Of Canada reiterated a sector perform rating on shares of Aecon Group in a research note on Tuesday, May 9th. TD Securities increased their target price on shares of Aecon Group from C$19.50 to C$20.00 and gave the company a buy rating in a research note on Monday, July 31st. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of C$19.29.
Shares of Aecon Group (TSE:ARE) opened at 16.84 on Monday. The firm has a market cap of $989.16 million and a price-to-earnings ratio of 25.25. Aecon Group has a 12 month low of $13.07 and a 12 month high of $18.97. The stock’s 50 day moving average price is $15.18 and its 200 day moving average price is $15.92.
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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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