Other research analysts have also recently issued research reports about the company. National Bankshares lowered their price objective on Aecon Group from C$18.00 to C$13.00 and set a sector perform rating for the company in a research note on Tuesday. ATB Capital lowered their price objective on Aecon Group from C$18.25 to C$14.00 in a research note on Tuesday. Stifel Nicolaus lowered their price objective on Aecon Group from C$14.00 to C$11.00 in a research note on Tuesday. TD Securities lowered Aecon Group from a buy rating to a hold rating and reduced their target price for the stock from C$19.50 to C$12.50 in a report on Tuesday. Finally, CIBC reduced their target price on Aecon Group from C$16.00 to C$14.00 in a report on Tuesday. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of Hold and an average target price of C$15.41.
Aecon Group Trading Up 0.5 %
ARE opened at C$11.02 on Tuesday. The stock has a market cap of C$671.72 million and a PE ratio of 27.55. The company has a quick ratio of 1.26, a current ratio of 1.38 and a debt-to-equity ratio of 110.06. The business has a 50 day moving average of C$13.09 and a 200-day moving average of C$15.11. Aecon Group has a 52 week low of C$10.57 and a 52 week high of C$22.28.
Aecon Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 5th. Investors of record on Tuesday, July 5th were issued a $0.185 dividend. This represents a $0.74 annualized dividend and a dividend yield of 6.72%. The ex-dividend date was Thursday, June 23rd. Aecon Group’s payout ratio is currently 180.00%.
About Aecon Group
Aecon Group Inc, together with its subsidiaries, provide construction and infrastructure development services to private and public sector clients in Canada, the United States, and internationally. It operates through two segments, Construction and Concessions. The Construction segment focuses primarily on the civil infrastructure, urban transportation systems, nuclear power infrastructure, utility infrastructure, and conventional industrial infrastructure market sectors.
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