Today, Brokerages Set Aecon Group Inc (ARE) Price Target at $18.80

Today, Brokerages Set Aecon Group Inc (ARE) Price Target at $18.80
Shares of Aecon Group Inc (TSE:ARE) have been given a consensus recommendation of “Buy” by the twelve ratings firms that are currently covering the firm. Two investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$18.80.

Several equities research analysts have recently weighed in on the company. National Bank Financial raised Aecon Group from a “reduce” rating to an “outperform” rating in a research report on Tuesday, November 15th. RBC Capital Markets reduced their price target on Aecon Group from C$19.00 to C$16.00 in a report on Thursday, November 3rd. TD Securities reduced their price target on Aecon Group from C$22.00 to C$17.50 and set a “buy” rating for the company in a report on Thursday, November 3rd. Scotiabank reduced their price target on Aecon Group from C$21.00 to C$18.00 and set an “outperform” rating for the company in a report on Thursday, November 3rd. Finally, Desjardins reduced their price target on Aecon Group from C$21.00 to C$18.00 and set a “buy” rating for the company in a report on Thursday, November 3rd.

Aecon Group (TSE:ARE) opened at 15.55 on Tuesday. Aecon Group has a 52 week low of $12.75 and a 52 week high of $19.19. The stock has a market capitalization of $893.36 million and a P/E ratio of 15.90. The firm has a 50 day moving average price of $16.05 and a 200 day moving average price of $17.38.

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