Aecon Group Inc. (ARE) has received a rating update from a Wall Street analyst on April 29. Analyst Benoit Poirier from Desjardins rated Aecon Group Inc. (ARE) a Buy on April 29, setting a C$23 price target.
Poirier has an average return of 9.9% when recommending Aecon Group Inc..
According to TipRanks.com, Poirier is ranked #284 out of 5199 analysts.
Aecon Group Inc. has an analyst consensus of Strong Buy, with a price target consensus of C$23.85, implying a 24.5% upside from current levels. In a report issued on April 26, Canaccord Genuity also reiterated a Buy rating on the stock with a C$25 price target.
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Based on Aecon Group Inc.’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of C$9.82 million. In comparison, last year the company had a GAAP net loss of C$19.25 million.
Aecon Group, Inc. engages in construction and infrastructure development. It operates through Construction and Concessions segments. The Construction 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$19.15, close to its 52-week high of C$19.79.
