Aecon Group Inc. (TSE:ARE) Director Acquires C$104,595.00 in Stock

Aecon Group Inc. (TSE:ARE) Director Stuart Lee purchased 5,700 shares of Aecon Group stock in a transaction that occurred on Monday, March 10th. The stock was bought at an average cost of C$18.35 per share, for a total transaction of C$104,595.00.

Aecon Group Stock Performance

Shares of TSE ARE traded up C$0.42 during midday trading on Monday, reaching C$18.38. The company had a trading volume of 132,056 shares, compared to its average volume of 422,209. The stock has a market cap of C$1.16 billion, a P/E ratio of -18.08, a P/E/G ratio of 18.18 and a beta of 1.13. The company has a current ratio of 1.19, a quick ratio of 1.27 and a debt-to-equity ratio of 32.84. The business’s 50-day simple moving average is C$24.19 and its 200 day simple moving average is C$23.92. Aecon Group Inc. has a 1 year low of C$13.03 and a 1 year high of C$29.70.

Aecon Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, January 3rd were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 4.13%. The ex-dividend date was Tuesday, December 24th. Aecon Group’s payout ratio is -74.76%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. National Bank Financial downgraded shares of Aecon Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 3rd. CIBC reduced their price objective on shares of Aecon Group from C$33.00 to C$30.00 in a research note on Friday. Stifel Nicolaus downgraded Aecon Group from a “buy” rating to a “hold” rating and dropped their price objective for the company from C$31.00 to C$19.00 in a research report on Friday. TD Securities reduced their target price on shares of Aecon Group from C$35.00 to C$30.00 and set a “buy” rating for the company in a report on Friday. Finally, National Bankshares reduced their price objective on shares of Aecon Group from C$30.00 to C$23.00 and set a “sector perform” rating for the company in a research note on Friday. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of C$24.98.

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.