Aecon Group Inc. (TSX: ARE), the Materials sector company, was revisited by a Wall Street analyst yesterday. The company received a Buy rating from Desjardins’ analyst Benoit Poirier, with a C$22 price target.
Poirier has an average return of 4.5% when recommending Aecon Group Inc..
According to TipRanks.com, Poirier is ranked #175 out of 4884 analysts.
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The word on The Street in general, suggests a Strong Buy analyst consensus rating for Aecon Group Inc. with a C$20.63 average price target, a 13.5% upside from current levels. In a report issued on October 26, Industrial Alliance Securities also maintained a Buy rating on the stock with a C$23 price target.
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Aecon Group Inc.’s market cap is currently C$1.09B and has a P/E ratio of 30.3. The company has a Price to Book ratio of 1.48.
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 Friday at C$18.17.
