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.

COPYRIGHT VIOLATION NOTICE: This piece was first reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this piece on another domain, it was stolen and reposted in violation of United States and international copyright and trademark law. The original version of this piece can be viewed at https://www.dispatchtribunal.com/2017/11/12/desjardins-boosts-aecon-group-inc-are-price-target-to-c20-37.html.

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.

Analyst Recommendations for Aecon Group (TSE:ARE)

Receive News & Ratings for Aecon Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aecon Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply