Aecon Group Inc (ARE) Downgraded by National Bank Financial

National Bank Financial cut shares of Aecon Group Inc (TSE:ARE) from a sector perform rating to a tender rating in a research report report published on Sunday morning. The firm currently has C$20.37 price objective on the stock, up from their prior price objective of C$18.00. National Bank Financial also issued estimates for Aecon Group’s FY2017 earnings at $0.57 EPS and FY2018 earnings at $1.14 EPS.

A number of other research analysts also recently commented on the stock. Raymond James Financial, Inc. downgraded shares of Aecon Group from an outperform rating to a market perform rating and dropped their price objective for the company from C$21.00 to C$20.37 in a research note on Friday, October 27th. CIBC downgraded shares of Aecon Group from an outperform rating to a neutral rating and dropped their price objective for the company from C$21.00 to C$20.37 in a research note on Friday, October 27th. Desjardins upped their price objective on shares of Aecon Group from C$19.00 to C$20.37 in a research note on Friday, October 27th. Industrial Alliance Securities downgraded shares of Aecon Group from a strong-buy rating to a tender rating and dropped their price objective for the company from C$20.50 to C$20.37 in a research note on Friday, October 27th. Finally, Royal Bank Of Canada reaffirmed a sector perform rating and set a C$18.00 price objective on shares of Aecon Group in a research note on Monday, October 23rd. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of C$20.21.

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About Aecon Group

Aecon Group Inc is a Canada-based construction and infrastructure development company. It operates through four segments: Infrastructure, Energy, Mining and Concessions. The Infrastructure segment includes all aspects of the construction of both public and private infrastructure in Canada, and on a selected basis, internationally.

Analyst Recommendations for Aecon Group (TSE:ARE)

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