Aecon Group (TSE:ARE) Target Raised

In an analyst report revealed to investors by Raymond James on Monday morning, Aecon Group (TSE:ARE) had its target price cut to $19.00. The firm presently has Outperform rating on the stock.

The target decrease is probably noticed by stock speculators, as TSE:ARE is now trading -2.50% lower at $16.36 as of 8:04 AM New York time. Aecon Group’s stock is 0% in the last 200 days. It has underperformed the S&P 500, which has risen 6.00% in the same time.

Out of 13 analysts covering Aecon Group, 9 rate it a Buy, 4 indicate a Hold while 0 suggest a Sell. The highest target is $15.17 and the lowest is $11.1 according to Thomson/First Call. The 12-month mean target is $13.18, which means downside potential of 19.44% over the current price.

Aecon Group (TSE:ARE) Profile

Aecon Group Inc is a Canada-based construction and infrastructure development company. It operates through four segments: Infrastructure, Energy, Mining and Concessions. The Infrastructure segment includes all aspects of the construction of both public and private infrastructure in Canada, and on a selected basis, internationally.

Aecon Group (TSE:ARE) traded down -2.50% on 16 October, hitting $16.36. A total of 406,799 shares of the company’s stock traded hands. This is up from average of 302,149 shares. Aecon Group has a 52 week low of $13.07 and a 52 week high of $18.25. The company has a market cap of $961.94 million and a P/E ratio of 29.88.

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The post Aecon Group (TSE:ARE) Had Its TP Lowered by 9.52 % at Raymond James to $19.00 appeared first on Octafinance.