Aecon Group (ARE) Given New C$20.00 Price Target at Royal Bank of Canada

Aecon Group (TSE:ARE) had its price target hoisted by Royal Bank of Canada from C$18.00 to C$20.00 in a report released on Monday. Royal Bank of Canada currently has a sector perform rating on the stock.

ARE has been the subject of several other reports. CIBC raised their price target on shares of Aecon Group from C$20.00 to C$21.00 in a report on Monday. Raymond James reissued a c$15.39 rating and issued a C$20.50 price target on shares of Aecon Group in a report on Thursday, July 19th. TD Securities raised their price target on shares of Aecon Group from C$21.00 to C$23.00 and gave the company a buy rating in a report on Monday. AltaCorp Capital raised shares of Aecon Group from an underperform rating to a sector perform rating in a report on Monday, July 30th. Finally, Desjardins raised their price target on shares of Aecon Group from C$21.00 to C$22.00 in a report on Monday. One investment analyst has rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of C$22.00.

Shares of TSE:ARE opened at C$19.06 on Monday. Aecon Group has a one year low of C$14.27 and a one year high of C$20.06.

In other news, Director John Michael Beck sold 48,800 shares of Aecon Group stock in a transaction on Thursday, September 13th. The shares were sold at an average price of C$16.66, for a total transaction of C$813,008.00.

Aecon Group Company Profile

Aecon Group Inc provides construction and infrastructure development services to private and public sector clients in Canada, the United States, and internationally. It operates through four segments: Infrastructure, Energy, Mining, and Concessions. The Infrastructure segment is involved in the construction of roads and bridges, and rail and transit systems, as well as in asphalt production and aggregates, municipal construction, commercial site design, and material engineering and design activities.

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