Aecon Group Inc. (TSE:ARE) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Aecon Group Inc. (TSE:ARE) have been assigned an average rating of “Moderate Buy” from the thirteen research firms that are presently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is C$25.07.

ARE has been the topic of a number of research analyst reports. CIBC raised their target price on shares of Aecon Group from C$30.00 to C$31.00 in a research note on Thursday, April 17th. National Bankshares upgraded Aecon Group from a “sector perform” rating to an “outperform” rating in a research note on Monday, March 10th. Desjardins decreased their target price on Aecon Group from C$32.00 to C$29.00 and set a “buy” rating for the company in a research note on Friday, March 7th. Royal Bank of Canada cut their price target on Aecon Group from C$27.00 to C$20.00 in a report on Monday, March 10th. Finally, BMO Capital Markets lowered their price objective on shares of Aecon Group from C$29.00 to C$24.00 in a research note on Friday, March 7th.

Aecon Group Trading Up 0.6 %

Aecon Group stock opened at C$17.07 on Wednesday. Aecon Group has a one year low of C$13.03 and a one year high of C$29.70. The company’s fifty day moving average price is C$18.94 and its two-hundred day moving average price is C$23.41. 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 company has a market capitalization of C$1.08 billion, a price-to-earnings ratio of -16.79, a PEG ratio of 18.18 and a beta of 1.13.

Aecon Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, April 2nd were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.45%. The ex-dividend date was Friday, March 21st. Aecon Group’s dividend payout ratio is currently -74.76%.

Insiders Place Their Bets

In other Aecon Group news, Director Stuart Lee bought 5,700 shares of the company’s stock in a transaction on 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. Company insiders own 0.82% of the company’s stock.

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.