In a new note to investors today, an analyst has provided a rating update for the Industrial Goods sector company, Aecon Group Inc. (ARE – Research Report). The Industrial Goods company, Aecon Group Inc. (TSX: ARE) has just received a rating update from a Wall Street analyst.
Lynk has an average return of 4.5% when recommending Aecon Group Inc..
According to TipRanks.com, Lynk is ranked #601 out of 8565 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Aecon Group Inc. with a C$13.83 average price target.
Based on Aecon Group Inc.’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of C$1.17 billion and net profit of C$28.21 million. In comparison, last year the company earned revenue of C$1.12 billion and had a GAAP net loss of C$9.09 million.
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 Tuesday at C$10.78.
