Desjardins Reaffirms Their Buy Rating on Aecon Group Inc.

By Carrie Williams

In a latest note to investors, a research analyst has provided a rating update for the Materials sector company, Aecon Group Inc. (TSX: ARE). Analyst Benoit Poirier from Desjardins rated Aecon Group Inc. (TSX: ARE) a Buy on today, setting a C$19 price target.

According to TipRanks.com, Poirier is ranked #620 out of 4619 analysts.

Currently, the analyst consensus on Aecon Group Inc. is Strong Buy and the average price target is C$19.71, representing a 16.9% upside.

In a report released yesterday, Scotiabank also maintained a Buy rating on the stock with a C$21 price target.

The company has a one year high of C$18.97 and a one year low of C$13.07. Currently, Aecon Group Inc. has an average volume of 255.8K.

Aecon Group, Inc. engages in construction and infrastructure development in Canada and internationally. The company operates its business through four divisions: Infrastructure, Energy, Mining and Concessions. The Infrastructure segment includes all aspects of the construction of both public and private infrastructure.

The company’s shares closed on Tuesday at C$16.86.