Aecon Group Inc. (TSE:ARE) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Aecon Group Inc. (TSE:ARE) have received an average rating of “Moderate Buy” from the thirteen ratings firms that are covering the company, MarketBeat.com reports. Six analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is C$27.35.

A number of equities research analysts have recently commented on the stock. CIBC reduced their target price on shares of Aecon Group from C$35.00 to C$33.00 in a research report on Monday, February 3rd. National Bank Financial lowered Aecon Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 3rd. BMO Capital Markets raised their target price on Aecon Group from C$27.00 to C$29.00 in a research note on Friday, December 6th. Raymond James boosted their price target on shares of Aecon Group from C$24.00 to C$28.00 in a research report on Tuesday, November 5th. Finally, National Bankshares downgraded shares of Aecon Group from an “outperform” rating to a “sector perform” rating and raised their price target for the stock from C$28.00 to C$30.00 in a report on Wednesday, December 4th.

Aecon Group Price Performance

Shares of Aecon Group stock opened at C$23.75 on Friday. The stock has a market capitalization of C$1.48 billion, a P/E ratio of -87.96, a PEG ratio of 18.18 and a beta of 1.13. The business has a 50 day simple moving average of C$25.87 and a two-hundred day simple moving average of C$23.14. Aecon Group has a 12 month low of C$13.03 and a 12 month high of C$29.70. The company has a debt-to-equity ratio of 32.86, a current ratio of 1.35 and a quick ratio of 1.27.

Aecon Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, January 3rd were given a dividend of $0.19 per share. The ex-dividend date was Tuesday, December 24th. This represents a $0.76 annualized dividend and a dividend yield of 3.20%. Aecon Group’s dividend payout ratio is presently -281.48%.

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.