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

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

ARE has been the subject of a number of other research reports. Raymond James upped their price objective on shares of Aecon Group from C$20.50 to C$23.00 and gave the stock a strong-buy rating in a research report on Monday, July 30th. Desjardins upped their price target on shares of Aecon Group from C$20.00 to C$21.00 and gave the stock a buy rating in a research report on Monday, July 30th. CIBC upgraded shares of Aecon Group from a neutral rating to an outperform rating and set a C$20.00 price target for the company in a research report on Thursday, July 5th. Canaccord Genuity upped their price target on shares of Aecon Group from C$22.00 to C$23.00 in a research report on Thursday, October 4th. Finally, AltaCorp Capital upgraded shares of Aecon Group from an underperform rating to a sector perform rating in a research report on Monday, July 30th. One research analyst has rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company. Aecon Group currently has an average rating of Buy and an average target price of C$22.00.

Shares of Aecon Group stock opened at C$18.64 on Monday. Aecon Group has a fifty-two week low of C$14.27 and a fifty-two week high of C$20.06.

In related news, Director John Michael Beck sold 20,922 shares of the company’s stock in a transaction dated Monday, September 17th. The shares were sold at an average price of C$16.51, for a total transaction of C$345,422.22.

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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