Aecon Group Inc. (ARE) has received a rating update from a Wall Street analyst today. Desjardins’ analyst Benoit Poirier reiterates their Buy rating on the shares, with a C$24 price target.
Poirier has an average return of 10.0% when recommending Aecon Group Inc..
According to TipRanks.com, Poirier is ranked #287 out of 5256 analysts.
Read also: Gold Heats Up and Silver Joins the Race
Aecon Group Inc. has an analyst consensus of Moderate Buy, with a price target consensus of C$25.67, implying a 23.6% upside from current levels. In a report issued on July 26, Raymond James also maintained a Buy rating on the stock with a C$26 price target.
.
Based on Aecon Group Inc.’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of C$20.36 million. In comparison, last year the company had a net profit of C$8.4 million.
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.
