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

Tipranks - Tipranks - Tue Jul 7, 5:58PM CDT

Desjardins analyst maintained a Hold rating on Aecon Group Inc. today and set a price target of C$61.00.

4th of July Sale - 70% Off

In addition to Desjardins, Aecon Group Inc. also received a Hold from RBC Capital’s Sabahat Khan in a report issued on June 22. However, on July 2, Raymond James upgraded Aecon Group Inc. (TSX: ARE) to a Buy.

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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 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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