06:03:36 EDT Fri 19 Apr 2024
Enter Symbol
or Name
USA
CA



Aecon Group Inc
Symbol ARE
Shares Issued 61,011,826
Close 2022-10-31 C$ 9.66
Market Cap C$ 589,374,239
Recent Sedar Documents

Globe says Aecon Group reaffirmed at "hold"

2022-10-31 07:37 ET - In the News

The Globe and Mail reports in its Monday, Oct. 31, edition that Desjardins Securities analyst Benoit Poirier has reaffirmed his "hold" recommendation for Aecon Group. The Globe's David Leeder writes in the Eye On Equities column that Mr. Poirier cut his share target back by $2 to $15. Analysts on average target the shares at $13.27. Mr. Poirier says in a note: "Aecon's 3Q results came in slightly weaker than expected. The company has a market-leading position in the growing Canadian infrastructure market as well as a strong operational track record. However, given the length of possible disputes/litigation is unknown and given the possibility of future project adjustments due to the current environment, visibility on consistent future cash flows is less clear and more difficult to predict." The Globe reported on Aug. 3 that Mr. Poirier said he was sticking to the sidelines of Aecon Group. In the item he lowered his recommendation to "hold" from "buy." The shares could then be had for $10.80. The Globe reported on Oct. 25 that Stifel analyst Martin Landry had reaffirmed his "hold" recommendation for Aecon Group. The shares could then be had for $9.87.

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