Today, an analyst has provided a rating update for 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.
Bout has an average return of 1.1% when recommending Aecon Group Inc..
According to TipRanks.com, Bout is ranked #974 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$13.25 average price target, a 42.9% 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 269.1K.
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$9.30.
