In a latest note to investors, a research 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.
According to TipRanks.com, Dodge is a 4-star analyst with an average return of 7.0% and a 63.3% success rate. Dodge covers the Industrial Goods sector, focusing on stocks such as Waste Connections, SNC-Lavalin Group, and Clean Harbors.
Currently, the analyst consensus on Aecon Group Inc. is a Moderate Buy with an average price target of C$13.44, representing a 49.3% upside. In a report issued on October 24, Canaccord Genuity also maintained a Buy rating on the stock with a C$14.00 price target.
Aecon Group Inc.’s market cap is currently C$571.3M and has a P/E ratio of 3.33.
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.
