Aecon Group Inc. (TSX: ARE), the Materials sector company was revisited on September 28, and remains undervalued for at least one analyst on the street. On September 28, analyst Maxim Sytchev gave a Buy rating to ARE and set a C$19 price target.
According to TipRanks.com, Sytchev is ranked #2783 out of 4881 analysts.
Currently, the analyst consensus on Aecon Group Inc. is a Strong Buy with an average price target of C$20.29.
Aecon Group Inc.’s market cap is currently C$1.02B and has a P/E ratio of 27.9. The company has a Price to Book ratio of 1.38.
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 Tuesday at C$17.
