Aecon Group Inc. (ARE) Gets a Hold from ATB Cormark Capital Markets
In a report released today, Chris Murray from ATB Cormark Capital Markets maintained a Hold rating on Aecon Group Inc., with a price target of C$49.00.
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According to TipRanks, Murray is a 4-star analyst with an average return of 7.2% and a 56.65% success rate. Murray covers the Industrials sector, focusing on stocks such as Aecon Group Inc., Air Canada, and Bird Construction.
In addition to ATB Cormark Capital Markets, Aecon Group Inc. also received a Hold from RBC Capital’s Sabahat Khan in a report issued today. However, on the same day, 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 March 31, the company reported a quarterly revenue of C$1.26 billion and a GAAP net loss of C$17.92 million. In comparison, last year the company earned a revenue of C$1.06 billion and had a GAAP net loss of C$37.93 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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- Aecon Group price target raised to C$62 from C$59 at TD Securities
- Aecon Group price target raised to C$52 from C$48 at CIBC
- Aecon Group price target raised to C$49 from C$44 at RBC Capital
- Aecon Group price target raised to C$56 from C$52 at Canaccord
- Aecon Group price target raised to C$46 from C$44.50 at Stifel
