TD Securities Boosts Aecon Group (ARE) Price Target to C$23.00

Aecon Group (TSE:ARE) had its price target boosted by TD Securities from C$21.00 to C$23.00 in a research report report published on Monday morning. They currently have a buy rating on the stock.

A number of other equities research analysts also recently weighed in on the stock. National Bank Financial reaffirmed an outperform rating and set a C$19.00 price objective on shares of Aecon Group in a research report on Friday, September 28th. Royal Bank of Canada boosted their price objective on shares of Aecon Group from C$17.00 to C$18.00 and gave the company a sector perform rating in a research report on Thursday, October 4th. Desjardins boosted their price objective on shares of Aecon Group from C$20.00 to C$21.00 and gave the company a buy rating in a research report on Monday, July 30th. Industrial Alliance Securities raised shares of Aecon Group from a buy rating to a strong-buy rating and boosted their price objective for the company from C$19.50 to C$23.00 in a research report on Friday, October 26th. Finally, CIBC raised shares of Aecon Group from a neutral rating to an outperform rating and set a C$20.00 price objective for the company in a research report on Thursday, July 5th. One research analyst has rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of C$22.00.

ARE opened at C$18.93 on Monday. Aecon Group has a 1-year low of C$14.27 and a 1-year high of C$20.06.



In other Aecon Group news, Director John Michael Beck sold 20,922 shares of the business’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.

About Aecon Group

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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