Aecon Group Inc. (ARE) Receives a Hold from CIBC
In a report released today, Krista Friesen from CIBC maintained a Hold rating on Aecon Group Inc., with a price target of C$45.00.
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According to TipRanks, Friesen is a 4-star analyst with an average return of 6.8% and a 42.73% success rate. Friesen covers the Industrials sector, focusing on stocks such as Air Canada, Bombardier, and AtkinsRealis.
In addition to CIBC, Aecon Group Inc. also received a Hold from Stifel Nicolaus’s Ian Gillies in a report issued today. However, yesterday, 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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- Aecon Group resumed with a Market Perform at BMO Capital
- Aecon Group resumed with a Buy at TD Securities
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- Aecon to Release First-Quarter 2026 Results and Host Investor Call
- Aecon JV Secures US$691 Million Howard A. Hanson Dam Contract in Washington State
