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Stifel Nicolaus Sticks to Their Hold Rating for Aecon Group Inc. (ARE)

Tipranks - Thu Apr 30, 10:20AM CDT

In a report released today, Ian Gillies from Stifel Nicolaus maintained a Hold rating on Aecon Group Inc., with a price target of C$44.50.

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According to TipRanks, Gillies is ranked #502 out of 12163 analysts.

In addition to Stifel Nicolaus, Aecon Group Inc. also received a Hold from BMO Capital’s Devin Dodge in a report issued today. However, on April 17, Canaccord Genuity maintained 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 48 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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