Aecon Group Inc (ARE) Receives Average Recommendation of “Buy” from Analysts

Shares of Aecon Group Inc (TSE:ARE) have been given a consensus rating of “Buy” by the nine analysts that are currently covering the stock. One analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is C$19.36.

A number of analysts have recently issued reports on ARE shares. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of Aecon Group in a research report on Tuesday, May 9th. Raymond James Financial, Inc. reaffirmed an “outperform” rating and issued a C$19.00 price objective on shares of Aecon Group in a research report on Friday, March 17th. Desjardins raised their price objective on Aecon Group from C$18.00 to C$19.00 in a research report on Thursday, March 9th. Paradigm Capital raised their price objective on Aecon Group from C$18.00 to C$19.00 in a research report on Thursday, March 9th. Finally, TD Securities set a C$19.50 price objective on Aecon Group and gave the company a “buy” rating in a research report on Thursday, March 9th.

Shares of Aecon Group (TSE:ARE) traded up 0.79% on Friday, hitting $15.39. The stock had a trading volume of 231,668 shares. The company has a market cap of $900.11 million and a PE ratio of 20.28. The stock’s 50-day moving average price is $16.36 and its 200 day moving average price is $15.87. Aecon Group has a 52 week low of $13.07 and a 52 week high of $19.19.

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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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