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.
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%.
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.
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.