Aecon Group Inc (TSE:ARE) – Analysts at Desjardins dropped their Q4 2018 earnings per share estimates for shares of Aecon Group in a research note issued to investors on Sunday, October 28th. Desjardins analyst B. Poirier now forecasts that the company will post earnings per share of $0.44 for the quarter, down from their prior estimate of $0.54. Desjardins also issued estimates for Aecon Group’s FY2019 earnings at $1.09 EPS.
Other equities analysts have also recently issued research reports about the stock. Canaccord Genuity raised their price target on shares of Aecon Group from C$22.00 to C$23.00 in a research report on Thursday, October 4th. Industrial Alliance Securities raised their price target on shares of Aecon Group from C$18.50 to C$19.50 in a research report on Thursday, October 4th. CIBC raised their price target on shares of Aecon Group from C$20.00 to C$21.00 in a research report on Monday. 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 research report on Monday. Finally, Raymond James reiterated a “c$15.39” rating and issued a C$20.50 price objective on shares of Aecon Group in a research note on Thursday, July 19th. One equities 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’s stock. Aecon Group has a consensus rating of “Buy” and an average target price of C$22.00.
In other Aecon Group news, Director John Michael Beck sold 48,800 shares of the stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of C$16.66, for a total value 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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