Analysts Set Aecon Group Inc. (TSE:ARE) Target Price at C$25.07

Aecon Group Inc. (TSE:ARE) has received an average rating of “Buy” from the twelve ratings firms that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is C$23.10.

Several equities research analysts have recently issued reports on the company. CIBC reduced their target price on Aecon Group from C$31.00 to C$24.00 in a report on Friday. BMO Capital Markets decreased their price objective on Aecon Group from C$20.00 to C$19.00 in a report on Friday. Stifel Nicolaus cut their target price on shares of Aecon Group from C$16.00 to C$14.00 in a report on Friday. TD Securities decreased their price target on shares of Aecon Group from C$23.00 to C$20.00 and set a “buy” rating on the stock in a research note on Friday. Finally, Raymond James raised shares of Aecon Group from a “market perform” rating to an “outperform” rating and set a C$23.00 price objective for the company in a research note on Tuesday.

Aecon Group Stock Performance

ARE opened at C$15.40 on Wednesday. The company has a debt-to-equity ratio of 32.84, a quick ratio of 1.27 and a current ratio of 1.19. The stock has a market capitalization of C$974.29 million, a price-to-earnings ratio of -15.15, a PEG ratio of 18.18 and a beta of 1.13. The company has a fifty day moving average of C$18.52 and a 200 day moving average of C$23.30. Aecon Group has a fifty-two week low of C$13.03 and a fifty-two week high of C$29.70.

Aecon Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, April 2nd were issued a $0.19 dividend. The ex-dividend date of this dividend was Friday, March 21st. This represents a $0.76 annualized dividend and a dividend yield of 4.94%. Aecon Group’s payout ratio is -74.76%.

Insider Activity at Aecon Group

In related news, Director Stuart Lee acquired 5,700 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The stock was bought at an average price of C$18.35 per share, for a total transaction of C$104,595.00. 0.82% of the stock is owned by company insiders.

Aecon Group Company Profile

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.