Aecon Group Inc. (ARE) Received its Third Buy in a Row


Analysts seem to be optimistic about Aecon Group Inc. (ARE) lately, with several positive ratings in a row that it received in the past month alone. The company received a Buy today from National Bank’s analyst Maxim Sytchev, with a C$24 price target.

Sytchev has an average return of 1.7% when recommending Aecon Group Inc..

According to TipRanks.com, Sytchev is ranked #4435 out of 5246 analysts.

Aecon Group Inc. has an analyst consensus of Strong Buy, with a price target consensus of C$23.70.

Based on Aecon Group Inc.’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of C$27.87 million. In comparison, last year the company earned revenue of C$685 million and had a net profit of C$21.1 million.

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$17.89.

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