Aecon Group Inc. (ARE) Receives C$20.21 Average Price Target from Brokerages
Aecon Group Inc. (TSE:ARE) has been given a consensus rating of “Hold” by the nine brokerages that are covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is C$20.21.
A number of brokerages have issued reports on ARE. National Bank Financial cut shares of Aecon Group from a “sector perform” rating to a “tender” rating and boosted their target price for the company from C$18.00 to C$20.37 in a report on Sunday, October 29th. Royal Bank Of Canada reissued a “sector perform” rating and set a C$18.00 target price on shares of Aecon Group in a report on Monday, October 23rd. Industrial Alliance Securities cut shares of Aecon Group from a “strong-buy” rating to a “tender” rating and lowered their target price for the company from C$20.50 to C$20.37 in a report on Friday, October 27th. Desjardins boosted their target price on shares of Aecon Group from C$19.00 to C$20.37 in a report on Friday, October 27th. Finally, CIBC cut shares of Aecon Group from an “outperform” rating to a “neutral” rating and lowered their target price for the company from C$21.00 to C$20.37 in a report on Friday, October 27th.
Shares of Aecon Group (ARE) traded up C$0.01 during mid-day trading on Friday, reaching C$19.59. 165,514 shares of the company’s stock were exchanged, compared to its average volume of 393,127. Aecon Group has a 1-year low of C$14.13 and a 1-year high of C$19.82.
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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