Raymond James Lowers Aecon Group (TSE:ARE) Price Target to C$21.00

Aecon Group (TSE:ARE) had its price target decreased by Raymond James from C$23.00 to C$21.00 in a report issued on Monday,BayStreet.CA reports.

ARE has been the subject of several other reports. National Bankshares upgraded shares of Aecon Group from a “sector perform” rating to an “outperform” rating in a research report on Monday, March 10th. CIBC lowered their price objective on Aecon Group from C$31.00 to C$24.00 in a research report on Friday. BMO Capital Markets cut their target price on Aecon Group from C$20.00 to C$19.00 in a research report on Friday. Desjardins lowered their target price on Aecon Group from C$32.00 to C$29.00 and set a “buy” rating for the company in a report on Friday, March 7th. Finally, Royal Bank of Canada reduced their price objective on shares of Aecon Group from C$18.00 to C$17.00 in a research report on Friday. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of C$22.90.

Aecon Group Trading Up 3.2 %

ARE opened at C$15.90 on Monday. The company’s 50 day moving average is C$18.36 and its 200-day moving average is C$23.26. Aecon Group has a 1-year low of C$13.03 and a 1-year high of C$29.70. The company has a current ratio of 1.19, a quick ratio of 1.27 and a debt-to-equity ratio of 32.84. The company has a market cap of C$1.01 billion, a P/E ratio of -15.64, a PEG ratio of 18.18 and a beta of 1.13.

Aecon Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, April 2nd were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 4.78%. The ex-dividend date was Friday, March 21st. Aecon Group’s dividend payout ratio is presently -74.76%.

Insider Activity at Aecon Group

In other news, Director Stuart Lee bought 5,700 shares of the stock in a transaction dated Monday, March 10th. The stock was bought at an average price of C$18.35 per share, for a total transaction of C$104,595.00. 0.82% of the stock is owned by company insiders.

Aecon Group Company Profile

Aecon Group Inc is a Canada-based company that operates in two segments: Construction and Concessions. The Construction segment includes various aspects of the construction of public and private infrastructure projects, mainly in the transportation sector. Its concessions segment is engaged in the development, financing, construction, and operation of infrastructure projects.