Canaccord Genuity Maintains a Hold Rating on Aecon Group Inc. (ARE)


A Wall Street analyst has provided a rating update for the Materials sector company today, while remaining neutral on the stock. Analyst Yuri Lynk from Canaccord Genuity reiterated a Hold rating on Aecon Group Inc. (ARE), with a C$27 price target.

According to TipRanks.com, Lynk is a 4-star analyst with an average return of 4.2% and a 51.8% success rate. Lynk covers the Basic Materials sector, focusing on stocks such as Badger Daylighting Ltd, SNC-Lavalin Group Inc, and Fluor Corp.

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Currently, the analyst consensus on Aecon Group Inc. is a Moderate Buy with an average price target of C$25.67.

Aecon Group Inc.’s market cap is currently C$1.31B and has a P/E ratio of 18.8. The company has a Price to Book ratio of 1.63.

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 Monday at C$20.77.

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