Today, an analyst has provided a rating update for Aecon Group Inc. (ARE – Research Report). Raymond James’ analyst Frederic Bastien reiterates their Buy rating on the shares, with a C$16.00 price target.
Bastien has an average return of 1.7% when recommending Aecon Group Inc..
According to TipRanks.com, Bastien is ranked #297 out of 8533 analysts.
Aecon Group Inc. has an analyst consensus of Moderate Buy, with a price target consensus of C$13.64, representing a 21.7% upside. 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 237.6K.
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 Monday at C$10.93.
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