Analysts Set Aecon Group Inc. (TSE:ARE) PT at C$25.25

Aecon Group Inc. (TSE:ARE) has been given an average rating of “Moderate Buy” by the thirteen brokerages that are currently covering the stock, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is C$25.25.

Several equities research analysts have recently issued reports on the company. Royal Bank of Canada lowered their price target on Aecon Group from C$27.00 to C$20.00 in a research report on Monday, March 10th. National Bankshares upgraded shares of Aecon Group from a “sector perform” rating to an “outperform” rating in a research note on Monday, March 10th. 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 lowered shares of Aecon Group from a “buy” rating to a “hold” rating and dropped their price target for the stock from C$31.00 to C$19.00 in a research report on Friday, March 7th. Finally, TD Securities cut their price target 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, March 7th.

Insider Activity at Aecon Group

In other news, Director Stuart Lee acquired 5,700 shares of the firm’s stock in a transaction dated Monday, March 10th. The stock was purchased at an average price of C$18.35 per share, for a total transaction of C$104,595.00. 0.82% of the stock is currently owned by company insiders.

Aecon Group Stock Performance

TSE:ARE opened at C$16.94 on Friday. The firm has a market capitalization of C$1.07 billion, a PE ratio of -16.66, a PEG ratio of 18.18 and a beta of 1.13. Aecon Group has a 1 year low of C$13.03 and a 1 year high of C$29.70. 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 firm’s fifty day simple moving average is C$21.67 and its 200 day simple moving average is C$23.86.

Aecon Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, April 2nd will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, March 21st. This represents a $0.76 dividend on an annualized basis and a yield of 4.49%. Aecon Group’s dividend payout ratio is currently -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.