Economy

National Bank Financial Analysts Reduce Earnings Estimates for Aecon Group Inc (ARE)

National Bank Financial Analysts Reduce Earnings Estimates for Aecon Group Inc (ARE)”

National Bank Financial now has a "Sector Perform" rating and a $23.00 price objective on the stock. One equities research analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company.

In a report released on 10/27/2017 RBC Capital Markets increased the stock price target of Aecon Group (TSE:ARE) from $18.00 to $20.00 indicating a possible upside of 0.02%.

Yesterday Aecon Group (TSE:ARE) traded -0.86% lower at $19.52.

Canada will look very closely at security issues when it decides whether to allow a Chinese firm to buy construction company Aecon Group Inc (ARE.TO), Prime Minister Justin Trudeau said on Friday. The stock now has a consensus rating of "Buy" and an average price target of C$19.88. 2,401,777 shares of the company's stock traded hands. The stock has a market cap of $1.16 billion and a P/E ratio of 29.58.

WARNING: "Aecon Group Inc (ARE) Lowered to Market Perform at Raymond James Financial, Inc." was first published by TrueBlueTribune and is owned by of TrueBlueTribune. The firm has a 50-day moving average of $17.20 and a 200 day moving average of $16.06. If you are accessing this piece on another domain, it was stolen and reposted in violation of United States & global copyright & trademark laws.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Saturday, October 1st were given a $0.115 dividend. The legal version of this story can be accessed at https://baseballnewssource.com/markets/aecon-group-inc-are-given-sector-perform-rating-at-royal-bank-of-canada/1731122.html. This represents a $0.50 annualized dividend and a dividend yield of 3.03%. Scotiabank increased their price objective on Aecon Group from C$19.00 to C$21.00 and gave the company an outperform rating in a research report on Monday, August 28th. The ex-dividend date of this dividend was Thursday, September 21st.

China's CCCC International Holding Ltd said on Thursday it meant to buy Aecon for C$1.51 billion ($1.18 billion), a deal that requires Ottawa's approval under the Investment Canada Act. It operates through four segments: Infrastructure, Energy, Mining and Concessions. Aecon has a strong management team that has made it a leading construction company in Canada and a pioneer in public-private partnerships (PPP) and concession operations.



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