Out of 3 analysts covering Aecon Group Inc (TSE:ARE), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. $20 is the highest target while $16 is the lowest. The $18 average target is -0.88% below today’s ($18.16) stock price. Aecon Group Inc has been the topic of 5 analyst reports since October 15, 2015 according to StockzIntelligence Inc. National Bank Canada downgraded the stock on May 2 to “Sector Perform” rating. Below is a list of Aecon Group Inc (TSE:ARE) latest ratings and price target changes.
09/08/2016 Broker: BMO Capital Markets Rating: Old Target: $17.50 New Target: $20.00 Target Up
05/05/2016 Broker: IBC Rating: Old Target: $18.00 New Target: $19.00 Target Up
02/05/2016 Broker: National Bank Canada Old Rating: Outperform New Rating: Sector Perform Old Target: $19.00 New Target: $17.00 Downgrade
About 43,217 shares traded hands. Aecon Group Inc (TSE:ARE) has risen 27.61% since February 5, 2016 and is uptrending. It has outperformed by 11.12% the S&P500.
Aecon Group Inc. is a construction and infrastructure development company. The company has a market cap of $1.05 billion. The Firm operates through four divisions: Infrastructure, Energy, Mining and Concessions. It has a 23.55 P/E ratio. The Infrastructure segment includes all aspects of the construction of both public and private infrastructure in Canada, and on a selected basis, internationally.
The institutional sentiment increased to 1.5 in Q2 2016. Its up 0.35, from 1.15 in 2016Q1. The ratio is positive, as 15 funds sold all Aecon Group Inc shares owned while 88 reduced positions. 37 funds bought stakes while 118 increased positions. They now own 77.51 million shares or 9.12% more from 71.03 million shares in 2016Q1.
Resolution Capital Ltd holds 4.83% of its portfolio in Aecon Group Inc for 709,647 shares. Apg Asset Management Us Inc. owns 5.88 million shares or 4.75% of their US portfolio. Moreover, American Assets Capital Advisers has 4.66% invested in the company for 69,954 shares. The Florida-based Real Estate Management Services Llc has invested 3.9% in the stock. Harrison Street Securities Llc, a Illinois-based fund reported 5,938 shares.
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