Aecon Group Inc. (ARE), the Materials sector company, has received a rating update from a Wall Street analyst today. Analyst Frederic Bastien from Raymond James reiterated a Buy rating, with a C$23 price target.
Bastien has an average return of 7.7% when recommending Aecon Group Inc..
According to TipRanks.com, Bastien is ranked #2082 out of 5194 analysts.
Currently, the analyst consensus on Aecon Group Inc. is a Strong Buy with an average price target of C$23.88, which is a 28.3% upside from current levels. In a report released today, Canaccord Genuity also reiterated a Buy rating on the stock with a C$25 price target.
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Aecon Group Inc.’s market cap is currently C$1.06B and has a P/E ratio of 17.7. The company has a Price to Book ratio of 1.28.
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 Friday at C$18.61.
