Aecon Group Inc (ARE) Lowered to “Sector Perform” at National Bank Financial
Aecon Group Inc (TSE:ARE) was downgraded by analysts at National Bank Financial from an “outperform” rating to a “sector perform” rating in a research note issued on Monday. They currently have a C$23.00 price target on the stock. National Bank Financial’s price target points to a potential upside of 41.45% from the stock’s current price.
Other equities analysts have also recently issued research reports about the stock. TD Securities raised 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 report on Monday, July 31st. Raymond James Financial, Inc. cut their target price on shares of Aecon Group from C$21.00 to C$19.00 and set an “outperform” rating on the stock in a report on Monday, October 16th. Scotiabank raised 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 report on Monday, August 28th. Finally, Royal Bank Of Canada set a C$18.00 target price on shares of Aecon Group and gave the stock a “sector perform” rating in a report on Monday. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of C$19.88.
Shares of Aecon Group (ARE) traded down 0.49% during trading on Monday, reaching $16.26. The company had a trading volume of 551,008 shares. The stock has a 50 day moving average of $17.25 and a 200 day moving average of $16.08. Aecon Group has a 52-week low of $13.07 and a 52-week high of $18.17. The stock has a market capitalization of $955.10 million and a price-to-earnings ratio of 24.38.
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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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