bullish
Aecon Group Inc (ARE.) - Wednesday, Feb 21, 2024
SUMMARY
- Aecon Group Inc. is a Canadian construction and infrastructure development company facing challenges from project write-downs caused by Covid-related delays and cost inflation
- Despite current challenges, Aecon's earnings are expected to significantly increase in 2024 as impacted projects near completion, revealing the true profitability of the business
- With a de-risked balance sheet and potential for a doubling in backlog, Aecon is estimated to be worth $35.00 per share, offering 150% upside potential, with two segments providing a range of services in infrastructure development and operations.
This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.
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