Aecon Group Inc (ARE) Announces Quarterly Dividend of C$0.09
Aecon Group (TSE:ARE) declared a Quarterly dividend on Wednesday, June 18th, American Banking News.com reports. Investors of record on Wednesday, July 2nd will be given a dividend of 0.09 per share on Wednesday, July 2nd. This represents a yield of 2.11%. The ex-dividend date of this dividend is Wednesday, June 18th.
ARE has been the subject of a number of recent research reports. Analysts at TD Securities raised their price target on shares of Aecon Group from C$20.00 to C$21.00 in a research note on Monday, May 12th. They now have a “buy” rating on the stock. On a related note, analysts at Dundee Securities raised their price target on shares of Aecon Group from C$19.00 to C$23.50 in a research note on Monday, April 14th. They now have a “buy” rating on the stock. Finally, analysts at RBC Capital initiated coverage on shares of Aecon Group in a research note on Friday, April 4th. They set an “outperform” rating and a C$23.00 price target on the stock. Eight equities research analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and an average price target of C$20.19.
Aecon Group (TSE:ARE) opened at 16.88 on Wednesday. Aecon Group has a 52 week low of $10.32 and a 52 week high of $18.75. The stock has a 50-day moving average of $17.24 and a 200-day moving average of $16.60. The company has a market cap of $897.9 million and a P/E ratio of 19.98.
Aecon Group (TSE:ARE) last announced its earnings results on Friday, May 9th. The company reported ($0.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by $0.28. On average, analysts predict that Aecon Group will post $1.12 earnings per share for the current fiscal year.
Aecon Group Inc (TSE:ARE) is a provider of construction, contracting and infrastructure development services across Canada.
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