The Industrial Goods sector company, Aecon Group Inc. (ARE – Research Report), has received a rating update from a Wall Street analyst yesterday. Analyst Desjardins from Desjardins remains bullish on the stock and has a C$16.00 price target.
Currently, the analyst consensus on Aecon Group Inc. is a Moderate Buy with an average price target of C$13.25, which is a 26.7% upside from current levels. In a report issued on July 27, BMO Capital also assigned a Buy rating to the stock with a C$14.00 price target.
The company has a one-year high of C$14.04 and a one-year low of C$8.29. Currently, Aecon Group Inc. has an average volume of 246.5K.
Aecon Group Inc is a Canada-based company that operates in two major segments: Construction and Concessions. The Construction segment includes various aspects of the construction of public and private infrastructure projects, mainly in the transportation sector. Its concessions segment is primarily engaged in the development, financing, construction, and operation of infrastructure projects. Aecon generates the majority of its revenue from the Construction segment.
The company’s shares closed last Friday at C$10.83.
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