Aecon Group (TSE:ARE)‘s stock had its “sector outperform” rating reiterated by stock analysts at CIBC in a report issued on Wednesday, StockRatingsNetwork.com reports.
Shares of Aecon Group (TSE:ARE) traded up 4.81% during mid-day trading on Wednesday, hitting $15.04. The stock had a trading volume of 556,409 shares. Aecon Group has a 52 week low of $9.48 and a 52 week high of $15.16. The stock’s 50-day moving average is $14.11 and its 200-day moving average is $12.44. The company has a market cap of $787.8 million and a price-to-earnings ratio of 10.87.
A number of other firms have also recently commented on ARE. Analysts at TD Securities raised their price target on shares of Aecon Group from C$16.50 to C$18.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at Scotiabank raised their price target on shares of Aecon Group from C$15.50 to C$17.50 in a research note to investors on Wednesday. They now have an “outperform” rating on the stock. Finally, analysts at BMO Capital Markets raised their price target on shares of Aecon Group from C$15.50 to C$16.00 in a research note to investors on Thursday, August 15th. They now have an “outperform” rating on the stock. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of C$15.92.
Aecon Group Inc (TSE:ARE) is a provider of construction, contracting and infrastructure development services across Canada.
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