A Wall Street analyst has provided a rating update for the Materials sector company on July 26, while remaining neutral on the stock. Aecon Group Inc. (ARE) received a Hold on July 26 from RBC Capital’s analyst Derek Spronck, with a C$22 price target.
According to TipRanks.com, Spronck is a 4-star analyst with an average return of 6.8% and a 63.2% success rate. Spronck covers the Basic Materials sector, focusing on stocks such as SNC-Lavalin Group Inc, Republic Services, and Waste Management.
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Currently, the analyst consensus on Aecon Group Inc. is a Moderate Buy with an average price target of C$24.67, a 18.9% upside from current levels. In a report released yesterday, Canaccord Genuity also maintained a Hold rating on the stock with a C$27 price target.
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Aecon Group Inc.’s market cap is currently C$1.26B and has a P/E ratio of 18.8. The company has a Price to Book ratio of 1.55.
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$20.75.
