Aecon Group Inc. (TSE:ARE) Given Consensus Rating of “Moderate Buy” by Analysts

Aecon Group Inc. (TSE:ARE) has been given an average recommendation of “Moderate Buy” by the thirteen analysts that are covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is C$27.53.

A number of research firms recently issued reports on ARE. Raymond James increased their price target on shares of Aecon Group from C$24.00 to C$28.00 in a research note on Tuesday, November 5th. Canaccord Genuity Group raised their target price on Aecon Group from C$28.00 to C$33.00 in a research note on Monday, November 4th. CIBC upped their price target on Aecon Group from C$29.00 to C$35.00 in a research note on Friday, December 13th. National Bank Financial lowered Aecon Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 3rd. Finally, National Bankshares downgraded shares of Aecon Group from an “outperform” rating to a “sector perform” rating and upped their target price for the stock from C$28.00 to C$30.00 in a research report on Wednesday, December 4th.

Aecon Group Stock Down 1.2 %

Shares of Aecon Group stock opened at C$26.24 on Thursday. The company’s fifty day simple moving average is C$26.30 and its two-hundred day simple moving average is C$20.42. Aecon Group has a 12-month low of C$11.80 and a 12-month high of C$29.70. The company has a current ratio of 1.35, a quick ratio of 1.27 and a debt-to-equity ratio of 32.86. The company has a market cap of C$1.64 billion, a P/E ratio of -97.19, a PEG ratio of 18.18 and a beta of 1.13.

Aecon Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Wednesday, October 2nd were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 2.90%. The ex-dividend date of this dividend was Friday, September 20th. Aecon Group’s dividend payout ratio is currently -281.48%.

About Aecon Group

Aecon Group Inc, together with its subsidiaries, provide construction and infrastructure development services to private and public sector clients in Canada, the United States, and internationally. It operates through two segments, Construction and Concessions. The Construction segment focuses on civil infrastructure, urban transportation solutions, nuclear power infrastructure, utility infrastructure, and conventional industrial infrastructure market sectors.