Stifel Nicolaus Sticks to Their Hold Rating for Aecon Group Inc. (ARE)
Stifel Nicolaus analyst Ian Gillies maintained a Hold rating on Aecon Group Inc. today and set a price target of C$44.00.
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According to TipRanks, Gillies is ranked #734 out of 12068 analysts.
In addition to Stifel Nicolaus, Aecon Group Inc. also received a Hold from BMO Capital’s Devin Dodge in a report issued yesterday. However, on the same day, Canaccord Genuity reiterated a Buy rating on Aecon Group Inc. (TSX: ARE).
Based on Aecon Group Inc.’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of C$1.54 billion and a net profit of C$20.7 million. In comparison, last year the company earned a revenue of C$1.27 billion and had a net profit of C$14.03 million
Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ARE in relation to earlier this year.
Read More on TSE:ARE:
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