Aecon Group Inc. (TSE:ARE) Senior Officer Adam Robert Borgatti Purchases 1,000 Shares

Aecon Group Inc. (TSE:ARE) Senior Officer Adam Robert Borgatti purchased 1,000 shares of the stock in a transaction on Monday, March 10th. The shares were purchased at an average cost of C$18.39 per share, with a total value of C$18,391.00.

Aecon Group Price Performance

Shares of ARE stock opened at C$17.81 on Friday. The firm has a market cap of C$1.13 billion, a price-to-earnings ratio of -17.52, a P/E/G ratio of 18.18 and a beta of 1.13. 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 stock’s fifty day simple moving average is C$23.44 and its 200 day simple moving average is C$23.88. Aecon Group Inc. has a one year low of C$13.03 and a one year high of C$29.70.

Aecon Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, April 2nd will be paid a dividend of $0.19 per share. The ex-dividend date is Friday, March 21st. This represents a $0.76 annualized dividend and a dividend yield of 4.27%. Aecon Group’s dividend payout ratio (DPR) is currently -74.76%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Desjardins decreased their price target 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. National Bank Financial upgraded Aecon Group from a “hold” rating to a “strong-buy” rating in a research note on Sunday, March 9th. Stifel Nicolaus downgraded Aecon Group from a “buy” rating to a “hold” rating and reduced their price objective for the stock from C$31.00 to C$19.00 in a research report on Friday, March 7th. Royal Bank of Canada decreased their target price on shares of Aecon Group from C$27.00 to C$20.00 in a research report on Monday, March 10th. Finally, Raymond James lowered their price objective on shares of Aecon Group from C$28.00 to C$23.00 and set a “market perform” rating on the stock in a research note on Friday, March 7th. Six investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$25.25.

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.