Canaccord Genuity Remains a Buy on Aecon Group Inc. (ARE)
Canaccord Genuity analyst Yuri Lynk maintained a Buy rating on Aecon Group Inc. today and set a price target of C$52.00.
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According to TipRanks, Lynk is a 5-star analyst with an average return of 10.2% and a 51.74% success rate. Lynk covers the Industrials sector, focusing on stocks such as Aecon Group Inc., Stantec, and AtkinsRealis.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Aecon Group Inc. with a C$46.13 average price target.
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 45 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.
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- Aecon Group price target raised to C$44 from C$41 at RBC Capital
- Aecon Group price target raised to C$44 from C$38.75 at Stifel
- Aecon Group resumed with a Market Perform at BMO Capital
- Aecon Group resumed with a Buy at TD Securities
- Aecon Raises $172.5 Million in Bought Deal Share Offering to Strengthen Balance Sheet
