In a new note to investors yesterday, an analyst has provided a rating update for the Materials sector company, Aecon Group Inc. (ARE). Analyst Jacob Bout from CIBC rated Aecon Group Inc. (ARE) a Buy, setting a C$23 price target.
According to TipRanks.com, Bout is a 2-star analyst with an average return of 0.3% and a 41.8% success rate. Bout covers the Basic Materials sector, focusing on stocks such as SNC-Lavalin Group Inc, Stantec Inc, and Nutrien Ltd.
Currently, the analyst consensus on Aecon Group Inc. is a Strong Buy with an average price target of C$22.44.
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 364.2K.
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 Monday at C$18.33.
