Aecon Group’s (ARE) “Outperform Overweight” Rating Reiterated at National Bank Financial

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Aecon Group (TSE:ARE)‘s stock had its “outperform overweight” rating reaffirmed by National Bank Financial in a report issued on Thursday.

Other research analysts have also issued research reports about the stock. Raymond James upgraded shares of Aecon Group from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from C$20.37 to C$20.50 in a research report on Friday. Royal Bank of Canada decreased their price target on shares of Aecon Group from C$20.00 to C$17.00 and set a “sector perform” rating on the stock in a research report on Thursday. Industrial Alliance Securities upgraded shares of Aecon Group from a “tender” rating to a “hold” rating and decreased their price target for the stock from C$20.37 to C$17.50 in a research report on Thursday. Canaccord Genuity lifted their price target on shares of Aecon Group from C$20.37 to C$22.00 in a research report on Thursday. Finally, CIBC decreased their price target on shares of Aecon Group from C$20.37 to C$20.00 in a research report on Thursday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of C$19.54.

TSE ARE opened at C$14.97 on Thursday. Aecon Group has a 12 month low of C$14.13 and a 12 month high of C$20.06.

Aecon Group (TSE:ARE) last posted its quarterly earnings data on Wednesday, April 25th. The company reported C($0.32) EPS for the quarter, missing the Zacks’ consensus estimate of C($0.12) by C($0.20). Aecon Group had a net margin of 3.24% and a return on equity of 13.31%. The company had revenue of C$543.33 million for the quarter, compared to analyst estimates of C$732.40 million.

About Aecon Group

Aecon Group Inc provides construction and infrastructure development services to private and public sector clients in Canada, the United States, and internationally. It operates through four segments: Infrastructure, Energy, Mining, and Concessions. The Infrastructure segment is involved in the construction of roads and bridges, and rail and transit systems, as well as in asphalt production and aggregates, municipal construction, commercial site design, and material engineering and design activities.

Analyst Recommendations for Aecon Group (TSE:ARE)

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