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CIBC Remains a Hold on Aecon Group Inc. (ARE)

Tipranks - Thu Jun 11, 9:32AM CDT

CIBC analyst Krista Friesen maintained a Hold rating on Aecon Group Inc. today and set a price target of C$52.00.

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According to TipRanks, Friesen is a 4-star analyst with an average return of 11.5% and a 48.78% success rate. Friesen covers the Industrials sector, focusing on stocks such as WSP Global, Bird Construction, and Aecon Group Inc..

Aecon Group Inc. has an analyst consensus of Moderate Buy, with a price target consensus of C$52.67.

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 47 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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