Aecon Group (TSE:ARE) Stock Rating Upgraded by Stifel Nicolaus

Stifel Nicolaus upgraded shares of Aecon Group (TSE:ARE) from a hold rating to a buy rating in a research note published on Friday morning, BayStreet.CA reports. Stifel Nicolaus currently has C$25.00 price objective on the stock, up from their prior price objective of C$16.50.

A number of other equities research analysts have also issued reports on ARE. ATB Capital increased their price objective on shares of Aecon Group from C$19.50 to C$21.00 and gave the company an outperform rating in a report on Friday, April 26th. BMO Capital Markets lowered their target price on Aecon Group from C$17.50 to C$16.50 in a research report on Wednesday, July 24th. CIBC lowered their target price on Aecon Group from C$23.00 to C$22.00 in a research report on Thursday, July 11th. Paradigm Capital increased their target price on Aecon Group from C$14.00 to C$17.80 and gave the company a hold rating in a research report on Friday, April 26th. Finally, Raymond James increased their target price on Aecon Group from C$16.00 to C$17.00 and gave the company a market perform rating in a research report on Friday, April 26th. Five equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Aecon Group presently has an average rating of Moderate Buy and an average price target of C$19.62.

Aecon Group Trading Up 3.6 %

Shares of ARE opened at C$16.19 on Friday. The company has a debt-to-equity ratio of 28.71, a current ratio of 1.50 and a quick ratio of 1.27. Aecon Group has a 1 year low of C$8.42 and a 1 year high of C$17.40. The company has a 50 day simple moving average of C$15.84 and a two-hundred day simple moving average of C$15.75. The firm has a market cap of C$1.01 billion, a P/E ratio of 7.53, a price-to-earnings-growth ratio of 18.18 and a beta of 1.19.

Aecon Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Friday, September 20th will be given a $0.19 dividend. The ex-dividend date of this dividend is Friday, September 20th. This represents a $0.76 dividend on an annualized basis and a yield of 4.69%. Aecon Group’s dividend payout ratio is presently 35.35%.

Aecon Group Company Profile

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.