Aecon Group (TSE:ARE) Upgraded by Raymond James to Outperform Rating

Raymond James upgraded shares of Aecon Group (TSE:ARE) from a market perform rating to an outperform rating in a research report sent to investors on Tuesday,BayStreet.CA reports. Raymond James currently has C$23.00 target price on the stock.

Several other analysts have also commented on ARE. CIBC raised their target price on Aecon Group from C$30.00 to C$31.00 in a report on Thursday, April 17th. National Bank Financial raised shares of Aecon Group from a “hold” rating to a “strong-buy” rating in a research note on Sunday, March 9th. Desjardins decreased their target price on shares of Aecon Group from C$32.00 to C$29.00 and set a “buy” rating for the company in a research note on Friday, March 7th. Royal Bank of Canada dropped their price target on shares of Aecon Group from C$27.00 to C$20.00 in a research report on Monday, March 10th. Finally, National Bankshares raised shares of Aecon Group from a “sector perform” rating to an “outperform” rating in a report on Monday, March 10th. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$25.07.

Aecon Group Price Performance

TSE:ARE opened at C$17.07 on Tuesday. The firm’s fifty day moving average is C$18.94 and its two-hundred day moving average is C$23.41. The firm has a market cap of C$1.08 billion, a price-to-earnings ratio of -16.79, a PEG ratio of 18.18 and a beta of 1.13. The company has a debt-to-equity ratio of 32.84, a quick ratio of 1.27 and a current ratio of 1.19. Aecon Group has a one year low of C$13.03 and a one year high of C$29.70.

Aecon Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, April 2nd were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 4.45%. The ex-dividend date of this dividend was Friday, March 21st. Aecon Group’s payout ratio is -74.76%.

Insiders Place Their Bets

In other Aecon Group news, Director Stuart Lee bought 5,700 shares of the stock in a transaction on Monday, March 10th. The shares were bought at an average price of C$18.35 per share, with a total value of C$104,595.00. 0.82% of the stock is owned by company insiders.

About Aecon Group

Aecon Group Inc is a Canada-based company that operates in two segments: Construction and Concessions. The Construction segment includes various aspects of the construction of public and private infrastructure projects, mainly in the transportation sector. Its concessions segment is engaged in the development, financing, construction, and operation of infrastructure projects.