Aecon Group (TSE:ARE) Downgraded by Stifel Nicolaus to Hold

Stifel Nicolaus downgraded shares of Aecon Group (TSE:ARE) from a buy rating to a hold rating in a report published on Friday morning,BayStreet.CA reports. They currently have C$19.00 price objective on the stock, down from their previous price objective of C$31.00.

Other equities research analysts have also issued reports about the company. CIBC reduced their price target on Aecon Group from C$33.00 to C$30.00 in a report on Friday. BMO Capital Markets dropped their price objective on Aecon Group from C$29.00 to C$24.00 in a report on Friday. TD Securities decreased their price objective on Aecon Group from C$35.00 to C$30.00 and set a “buy” rating for the company in a research report on Friday. National Bank Financial downgraded Aecon Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 3rd. Finally, Desjardins dropped their price target on Aecon Group from C$32.00 to C$29.00 and set a “buy” rating on the stock in a research note on Friday. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of C$24.98.

Aecon Group Stock Performance

Shares of ARE stock opened at C$17.96 on Friday. The business has a 50 day simple moving average of C$24.19 and a 200 day simple moving average of C$23.92. The company has a debt-to-equity ratio of 32.84, a current ratio of 1.19 and a quick ratio of 1.27. The firm has a market capitalization of C$1.14 billion, a price-to-earnings ratio of -17.67, a price-to-earnings-growth ratio of 18.18 and a beta of 1.13. Aecon Group has a 12-month low of C$13.03 and a 12-month high of C$29.70.

Aecon Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders 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 dividend on an annualized basis and a yield of 4.23%. Aecon Group’s dividend payout ratio (DPR) is presently -74.76%.

About Aecon Group

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.