Shares of Aecon Group Inc. (TSX: ARE) were revisited by a Wall Street analyst yesterday. The company received a Buy rating from AltaCorp Captial’s analyst Chris Murray, with a C$20.50 price target.
Murray has an average return of 11.4% when recommending Aecon Group Inc..
According to TipRanks.com, Murray is ranked #417 out of 4874 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$20.94 average price target, a 15.2% 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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The company has a one-year high of C$20.06 and a one-year low of C$14.27. Currently, Aecon Group Inc. has an average volume of 420.2K.
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.
