Aecon Group (TSE:ARE – Get Free Report) was upgraded by TD Securities from a “hold” rating to a “buy” rating in a report released on Monday, BayStreet.CA reports. The firm currently has a C$35.00 target price on the stock, up from their prior target price of C$23.00. TD Securities’ price target points to a potential upside of 24.11% from the company’s previous close.
A number of other equities analysts also recently issued reports on the stock. BMO Capital Markets cut their price objective on shares of Aecon Group from C$17.50 to C$16.50 in a report on Wednesday, July 24th. Royal Bank of Canada increased their target price on shares of Aecon Group from C$13.00 to C$17.00 and gave the company a “sector perform” rating in a research report on Monday, July 29th. National Bankshares raised Aecon Group from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from C$17.00 to C$20.50 in a report on Monday, July 29th. CIBC raised their target price on Aecon Group from C$25.00 to C$29.00 in a research report on Monday. Finally, Stifel Canada raised Aecon Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 25th. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$25.57.
Read Our Latest Analysis on ARE
Aecon Group Stock Up 2.5 %
Insider Activity at Aecon Group
In related news, Senior Officer Timothy John Murphy bought 4,244 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was bought at an average cost of C$17.66 per share, for a total transaction of C$74,969.84. 0.82% of the stock is currently owned by insiders.
About Aecon Group
Aecon Group Inc, together with its subsidiaries, provide construction and infrastructure development services to private and public sector clients in Canada, the United States, and internationally. It operates through two segments, Construction and Concessions. The Construction segment focuses on civil infrastructure, urban transportation solutions, nuclear power infrastructure, utility infrastructure, and conventional industrial infrastructure market sectors.
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