John Michael Beck Sells 800 Shares of Aecon Group Inc (ARE) Stock

Aecon Group Inc (TSE:ARE) Director John Michael Beck sold 800 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of C$18.31, for a total value of C$14,648.00. Following the completion of the transaction, the director now owns 45,554 shares in the company, valued at approximately C$834,093.74.

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

  • On Wednesday, March 13th, John Michael Beck sold 20,900 shares of Aecon Group stock. The shares were sold at an average price of C$18.30, for a total value of C$382,470.00.

ARE remained flat at $C$18.34 during midday trading on Friday. The company’s stock had a trading volume of 52,362 shares, compared to its average volume of 268,313. The company has a debt-to-equity ratio of 78.27, a quick ratio of 0.65 and a current ratio of 1.70. Aecon Group Inc has a 12-month low of C$14.27 and a 12-month high of C$19.79. The company has a market capitalization of $1.09 billion and a PE ratio of 19.51.

ARE has been the topic of several recent research reports. CIBC raised their price target on Aecon Group from C$21.00 to C$23.00 in a report on Tuesday, January 15th. Canaccord Genuity raised their price target on Aecon Group from C$23.00 to C$24.00 in a report on Tuesday, December 18th. National Bank Financial raised their price target on Aecon Group from C$21.00 to C$21.50 and gave the company an “outperform” rating in a report on Thursday, March 7th. Finally, Raymond James reiterated a “strong-buy” rating and issued a C$23.00 price target on shares of Aecon Group in a report on Wednesday, March 6th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target 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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