Aecon Group (TSE:ARE – Free Report) had its price objective boosted by Raymond James from C$24.00 to C$28.00 in a research note released on Tuesday morning, BayStreet.CA reports. Raymond James also issued estimates for Aecon Group’s FY2025 earnings at $1.50 EPS.
A number of other analysts have also issued reports on the stock. National Bank Financial upgraded shares of Aecon Group from a “hold” rating to a “strong-buy” rating in a research report on Sunday, July 28th. BMO Capital Markets raised their target price on shares of Aecon Group from C$16.50 to C$27.00 in a research report on Monday. Royal Bank of Canada raised their target price on shares of Aecon Group from C$13.00 to C$17.00 and gave the stock a “sector perform” rating in a research report on Monday, July 29th. CIBC raised their target price on shares of Aecon Group from C$25.00 to C$29.00 in a research report on Monday. Finally, Stifel Nicolaus raised their target price on shares of Aecon Group from C$30.00 to C$31.00 in a research report on Friday, October 4th. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Aecon Group presently has a consensus rating of “Moderate Buy” and an average target price of C$25.94.
Check Out Our Latest Analysis on Aecon Group
Aecon Group Stock Up 0.0 %
Aecon Group Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Wednesday, October 2nd were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date of this dividend was Friday, September 20th. Aecon Group’s dividend payout ratio is currently -281.48%.
Insiders Place Their Bets
In related news, Senior Officer Timothy John Murphy purchased 4,244 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were bought at an average price of C$17.66 per share, with a total value of C$74,969.84. 0.82% of the stock is currently owned by insiders.
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 on civil infrastructure, urban transportation solutions, nuclear power infrastructure, utility infrastructure, and conventional industrial infrastructure market sectors.
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