Aecon Group Inc. (ARE) Given Average Recommendation of “Hold” by Analysts

Aecon Group Inc. (TSE:ARE) has been given an average recommendation of “Hold” by the nine research firms that are covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is C$20.21.

A number of research analysts have recently weighed in on ARE shares. Industrial Alliance Securities lowered Aecon Group from a “strong-buy” rating to a “tender” rating and cut their price objective for the company from C$20.50 to C$20.37 in a research report on Friday, October 27th. TD Securities lifted their price target on Aecon Group from C$19.50 to C$20.00 and gave the stock a “buy” rating in a research report on Monday, July 31st. National Bank Financial lowered Aecon Group from a “sector perform” rating to a “tender” rating and lifted their price target for the stock from C$18.00 to C$20.37 in a research report on Sunday, October 29th. CIBC lowered Aecon Group from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from C$21.00 to C$20.37 in a research report on Friday, October 27th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a C$18.00 price target on shares of Aecon Group in a research report on Monday, October 23rd.

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Shares of Aecon Group (ARE) traded up C$0.03 during trading on Friday, hitting C$19.48. The stock had a trading volume of 181,846 shares, compared to its average volume of 396,268. Aecon Group has a 52-week low of C$13.17 and a 52-week high of C$19.82.

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.

Analyst Recommendations for Aecon Group (TSE:ARE)

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