Aecon Group Inc. (ARE) Given Average Rating of “Hold” by Analysts

Aecon Group Inc. (TSE:ARE) has been given a consensus rating of “Hold” by the nine brokerages that are covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is C$20.21.

Several research analysts have issued reports on ARE shares. Desjardins upped their price objective on Aecon Group from C$19.00 to C$20.37 in a report on Friday, October 27th. Raymond James Financial downgraded Aecon Group from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from C$21.00 to C$20.37 in a report on Friday, October 27th. CIBC downgraded Aecon Group from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from C$21.00 to C$20.37 in a report on Friday, October 27th. Scotiabank upped their price objective on 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, National Bank Financial downgraded Aecon Group from an “outperform” rating to a “sector perform” rating and upped their price objective for the stock from C$20.00 to C$23.00 in a report on Monday, October 23rd.

Aecon Group (TSE:ARE) traded up C$0.12 during trading hours on Thursday, reaching C$19.79. The company’s stock had a trading volume of 93,171 shares, compared to its average volume of 380,729. Aecon Group has a 12-month low of C$14.13 and a 12-month high of C$19.82.

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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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