Aecon Group Inc (ARE) Given Average Rating of “Hold” by Analysts

Shares of Aecon Group Inc (TSE:ARE) have received an average rating of “Hold” from the nine ratings firms that are currently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$20.21.

ARE has been the subject of a number of research analyst reports. Raymond James Financial lowered their price target on Aecon Group from C$21.00 to C$19.00 and set an “outperform” rating for the company in a report on Monday, October 16th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a C$18.00 target price on shares of Aecon Group in a report on Monday, October 23rd. National Bank Financial cut Aecon Group from an “outperform” rating to a “sector perform” rating and upped their target price for the stock from C$20.00 to C$23.00 in a report on Monday, October 23rd. Industrial Alliance Securities cut Aecon Group from a “strong-buy” rating to a “tender” rating and lowered their target price for the stock from C$20.50 to C$20.37 in a report on Friday, October 27th. Finally, Desjardins upped their target price on Aecon Group from C$19.00 to C$20.37 in a report on Friday, October 27th.

Aecon Group (TSE ARE) traded up C$0.06 during trading on Friday, hitting C$19.98. The stock had a trading volume of 572,661 shares, compared to its average volume of 307,211. Aecon Group has a 12 month low of C$14.13 and a 12 month high of C$20.06. The firm has a market cap of $1,180.00, a PE ratio of 39.96 and a beta of 0.61.

Aecon Group (TSE:ARE) last posted its quarterly earnings results on Thursday, October 26th. The company reported C$0.37 EPS for the quarter, missing analysts’ consensus estimates of C$0.41 by C($0.04). Aecon Group had a return on equity of 13.31% and a net margin of 3.24%.

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Tuesday, January 2nd were issued a $0.125 dividend. The ex-dividend date was Thursday, December 21st. This represents a $0.50 dividend on an annualized basis and a yield of 2.50%. Aecon Group’s payout ratio is presently 98.00%.

ILLEGAL ACTIVITY WARNING: “Aecon Group Inc (ARE) Given Average Rating of “Hold” by Analysts” was published by American Banking News and is the property of of American Banking News. If you are reading this news story on another website, it was stolen and republished in violation of U.S. and international trademark and copyright legislation. The legal version of this news story can be read at https://www.americanbankingnews.com/2018/01/26/aecon-group-inc-are-given-average-rating-of-hold-by-analysts-2.html.

Aecon Group Company Profile

Aecon Group Inc is a Canada-based construction and infrastructure development company. It operates through four segments: Infrastructure, Energy, Mining and Concessions. The Infrastructure segment includes all aspects of the construction of both public and private infrastructure in Canada, and on a selected basis, internationally.

Analyst Recommendations for Aecon Group (TSE:ARE)

Receive News & Ratings for Aecon Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aecon Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply