Aecon Group Inc (ARE) Director Sells C$382,470.00 in Stock

Aecon Group Inc (TSE:ARE) Director John Michael Beck sold 20,900 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of C$18.30, for a total transaction of C$382,470.00.

John Michael Beck also recently made the following trade(s):

  • On Monday, March 11th, John Michael Beck sold 800 shares of Aecon Group stock. The shares were sold at an average price of C$18.31, for a total transaction of C$14,648.00.

Aecon Group stock remained flat at $C$18.34 during mid-day trading on Friday. 52,362 shares of the company traded hands, compared to its average volume of 268,313. The company has a market cap of $1.09 billion and a P/E ratio of 19.51. The company has a debt-to-equity ratio of 78.27, a current ratio of 1.70 and a quick ratio of 0.65. Aecon Group Inc has a one year low of C$14.27 and a one year high of C$19.79.

ARE has been the subject of several analyst reports. National Bank Financial upped their price objective on Aecon Group from C$21.00 to C$21.50 and gave the stock an “outperform” rating in a research note on Thursday, March 7th. Canaccord Genuity upped their price objective on Aecon Group from C$24.00 to C$25.00 in a research note on Thursday, March 7th. Raymond James restated a “strong-buy” rating and issued a C$23.00 price objective on shares of Aecon Group in a research note on Wednesday, March 6th. Finally, CIBC upped their price objective on Aecon Group from C$21.00 to C$23.00 in a research note on Tuesday, January 15th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of C$22.56.

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About Aecon Group

Aecon Group Inc provides construction and infrastructure development services to private and public sector clients in Canada, the United States, and internationally. It operates through four segments: Infrastructure, Energy, Mining, and Concessions. The Infrastructure segment is involved in the construction of roads and bridges, and rail and transit systems, as well as in asphalt production and aggregates, municipal construction, commercial site design, and material engineering and design activities.

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