Aecon Group (TSE:ARE) Price Target Lowered to C$33.00 at CIBC

Aecon Group (TSE:ARE) had its price objective decreased by CIBC from C$35.00 to C$33.00 in a report released on Monday,BayStreet.CA reports.

Several other equities research analysts have also commented on the company. BMO Capital Markets upped their target price on Aecon Group from C$27.00 to C$29.00 in a research report on Friday, December 6th. National Bank Financial lowered shares of Aecon Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 3rd. Raymond James boosted their target price on Aecon Group from C$24.00 to C$28.00 in a research note on Tuesday, November 5th. National Bankshares downgraded Aecon Group from an “outperform” rating to a “sector perform” rating and increased their price target for the stock from C$28.00 to C$30.00 in a research note on Wednesday, December 4th. Finally, Canaccord Genuity Group boosted their price objective on Aecon Group from C$28.00 to C$33.00 in a research note on Monday, November 4th. Six equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$27.35.

Aecon Group Stock Up 2.7 %

TSE:ARE opened at C$24.36 on Monday. The company has a debt-to-equity ratio of 32.86, a current ratio of 1.35 and a quick ratio of 1.27. Aecon Group has a one year low of C$13.03 and a one year high of C$29.70. The company has a market cap of C$1.52 billion, a PE ratio of -90.22, a P/E/G ratio of 18.18 and a beta of 1.13. The firm’s 50 day simple moving average is C$26.24 and its 200 day simple moving average is C$22.87.

Aecon Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, January 3rd were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date of this dividend was Tuesday, December 24th. Aecon Group’s dividend payout ratio is currently -281.48%.

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.