Aecon Group Inc (ARE) Receives Consensus Recommendation of “Buy” from Brokerages
Aecon Group Inc (TSE:ARE) has been assigned a consensus recommendation of “Buy” from the eight ratings firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$19.33.
A number of research firms have recently issued reports on ARE. TD Securities lifted their price target on shares of Aecon Group from C$19.50 to C$20.00 and gave the company a “buy” rating in a research report on Monday, July 31st. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Aecon Group in a research report on Tuesday, May 9th.
In other Aecon Group news, Director Jenah Susan Wolburgh acquired 2,000 shares of the company’s stock in a transaction dated Friday, May 19th. The stock was acquired at an average cost of C$15.20 per share, with a total value of C$30,400.00.
Aecon Group (ARE) traded down 1.15% during midday trading on Friday, reaching $14.64. The company’s stock had a trading volume of 110,302 shares. The firm has a market capitalization of $859.94 million and a P/E ratio of 21.95. The company’s 50-day moving average is $15.67 and its 200 day moving average is $16.08. Aecon Group has a 52 week low of $13.07 and a 52 week high of $19.19.
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About Aecon Group
Aecon Group Inc is a Canada-based construction and infrastructure development company. It operates through four segments: Infrastructure, Energy, Mining and Concessions. The Infrastructure segment includes all aspects of the construction of both public and private infrastructure in Canada, and on a selected basis, internationally.
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