Aecon Group Inc. (TSE:ARE) PT Raised to C$20.37 at Desjardins

Aecon Group Inc. (TSE:ARE) had its price objective upped by analysts at Desjardins from C$19.00 to C$20.37 in a note issued to investors on Friday, October 27th. Desjardins’ price objective would suggest a potential upside of 4.57% from the company’s current price. Desjardins also issued estimates for Aecon Group’s Q4 2017 earnings at $0.49 EPS, FY2017 earnings at $0.73 EPS and FY2018 earnings at $1.14 EPS.

Several other equities research analysts have also commented on ARE. TD Securities upped their price objective on Aecon Group from C$19.50 to C$20.00 and gave the stock a “buy” rating in a research note on Monday, July 31st. Raymond James Financial, Inc. cut their price objective on Aecon Group from C$21.00 to C$19.00 and set an “outperform” rating for the company in a research report on Monday, October 16th. Scotiabank increased their price target on shares of Aecon Group from C$19.00 to C$21.00 and gave the company an “outperform” rating in a report on Monday, August 28th. National Bank Financial downgraded shares of Aecon Group from an “outperform” rating to a “sector perform” rating and raised their price objective for the stock from C$20.00 to C$23.00 in a research note on Monday, October 23rd. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a C$18.00 target price on shares of Aecon Group in a research report on Monday, October 23rd. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of C$20.21.

Shares of Aecon Group (ARE) opened at C$19.48 on Friday. Aecon Group has a 12-month low of C$13.17 and a 12-month high of C$19.82.

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Aecon Group Company Profile

Aecon Group Inc is a Canada-based construction and infrastructure development company. It operates through four segments: Infrastructure, Energy, Mining and Concessions. The Infrastructure segment includes all aspects of the construction of both public and private infrastructure in Canada, and on a selected basis, internationally.

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