Stifel Nicolaus Has Lowered Expectations for Aecon Group (TSE:ARE) Stock Price

Aecon Group (TSE:ARE) had its target price reduced by Stifel Nicolaus from C$16.00 to C$14.00 in a report published on Friday morning,BayStreet.CA reports.

A number of other equities research analysts have also recently commented on the company. National Bankshares raised Aecon Group from a “sector perform” rating to an “outperform” rating in a research note on Monday, March 10th. TD Securities reduced their price target on shares of Aecon Group from C$35.00 to C$30.00 and set a “buy” rating for the company in a research report on Friday, March 7th. BMO Capital Markets lowered their price objective on shares of Aecon Group from C$29.00 to C$24.00 in a report on Friday, March 7th. 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. Finally, Raymond James raised shares of Aecon Group from a “market perform” rating to an “outperform” rating and set a C$23.00 target price for the company in a research report on Tuesday, April 22nd. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of C$23.10.

Aecon Group Price Performance

ARE stock opened at C$15.40 on Friday. Aecon Group has a 1 year low of C$13.03 and a 1 year high of C$29.70. The stock has a market capitalization of C$974.29 million, a PE ratio of -15.15, a price-to-earnings-growth ratio of 18.18 and a beta of 1.13. The company’s 50-day moving average is C$18.52 and its 200-day moving average is C$23.30. The company has a debt-to-equity ratio of 32.84, a current ratio of 1.19 and a quick ratio of 1.27.

Aecon Group Announces Dividend

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

Insider Buying and Selling 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 acquired at an average price of C$18.35 per share, for a total transaction of C$104,595.00. Company insiders own 0.82% of the company’s stock.

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.