In a latest note to investors, a research analyst has provided a rating update for the Aecon Group Inc. (ARE – Research Report). Aecon Group Inc. (TSX: ARE), the Industrial Goods sector company has received a rating update from a Wall Street analyst yesterday.
According to TipRanks.com, Khan is a 4-star analyst with an average return of 2.9% and a 45.1% success rate. Khan covers the Industrial Goods sector, focusing on stocks such as Boyd Group Services, SNC-Lavalin Group, and Jacobs Solutions.
Aecon Group Inc. has an analyst consensus of Moderate Buy, with a price target consensus of C$13.31, a 47.9% upside from current levels. In a report released yesterday, Raymond James also downgraded the stock to Hold 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 267.3K.
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 Thursday at C$9.26.
