The Materials sector company, Aecon Group Inc. (TSX: ARE), has received a rating update from a Wall Street analyst yesterday. Analyst Derek Spronck from RBC Capital rated Aecon Group Inc. (TSX: ARE) a Hold, setting a C$18 price target.
According to TipRanks.com, Spronck is ranked #421 out of 4881 analysts.
Aecon Group Inc. has an analyst consensus of Strong Buy, with a price target consensus of C$20.
Aecon Group Inc.’s market cap is currently C$1.03B and has a P/E ratio of 28.3. The company has a Price to Book ratio of 1.41.
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 Wednesday at C$17.31.
