Brokerages Set Aecon Group Inc. (TSE:ARE) Target Price at C$27.35

Shares of Aecon Group Inc. (TSE:ARE) have been assigned an average rating of “Hold” from the thirteen brokerages that are currently covering the firm, MarketBeat reports. Seven analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is C$25.25.

A number of research firms recently weighed in on ARE. National Bank Financial downgraded Aecon Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 3rd. National Bankshares upgraded Aecon Group from a “sector perform” rating to an “outperform” rating in a report on Monday. Raymond James decreased their price target on Aecon Group from C$28.00 to C$23.00 and set a “market perform” rating for the company in a report on Friday. BMO Capital Markets decreased their price target on Aecon Group from C$29.00 to C$24.00 in a report on Friday. Finally, CIBC decreased their price target on Aecon Group from C$33.00 to C$30.00 in a report on Friday.

Insider Transactions at Aecon Group

In other Aecon Group news, Director Stuart Lee purchased 5,700 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The shares were acquired at an average price of C$18.35 per share, with a total value of C$104,595.00. Insiders own 0.82% of the company’s stock.

Aecon Group Stock Performance

TSE ARE opened at C$18.03 on Tuesday. The company has a market capitalization of C$1.14 billion, a price-to-earnings ratio of -17.74, a PEG ratio of 18.18 and a beta of 1.13. Aecon Group has a twelve month low of C$13.03 and a twelve month high of C$29.70. The stock has a fifty day simple moving average of C$24.19 and a 200 day simple moving average of C$23.92. The company has a quick ratio of 1.27, a current ratio of 1.19 and a debt-to-equity ratio of 32.84.

Aecon Group Announces Dividend

The business also recently disclosed 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 of this dividend was Tuesday, December 24th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.22%. Aecon Group’s dividend payout ratio (DPR) is presently -74.76%.

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.