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Aecon Group Inc. (ARE) Gets a Buy Rating from Canaccord Genuity


In a new note to investors yesterday, an analyst has provided a rating update for the Materials sector company, Aecon Group Inc. (TSX: ARE). Analyst Yuri Lynk from Canaccord Genuity remains bullish on the stock and has a C$23 price target.

Lynk has an average return of 2.0% when recommending Aecon Group Inc..

According to TipRanks.com, Lynk is ranked #609 out of 4884 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Aecon Group Inc. with a C$20.14 average price target, which is a 16.7% upside from current levels. In a report issued on September 28, National Bank also reiterated a Buy rating on the stock with a C$19 price target.

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The company has a one-year high of C$20.06 and a one-year low of C$14.27. Currently, Aecon Group Inc. has an average volume of 405K.

Aecon Group, Inc. engages in construction and infrastructure development. It operates through the following segments: Infrastructure, Industrial, and Concessions. The Infrastructure segment includes all aspects of the construction of both public and private infrastructure, primarily in Canada, and on a selected basis, internationally.

The company’s shares closed on Thursday at C$17.26.