Aecon Group Inc. (TSE:ARE) Receives C$27.53 Average Price Target from Analysts

Shares of Aecon Group Inc. (TSE:ARE) have been given an average rating of “Moderate Buy” by the thirteen research firms that are covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$27.53.

Several research analysts recently commented on the stock. CIBC raised their price target on shares of Aecon Group from C$29.00 to C$35.00 in a research note on Friday, December 13th. National Bank Financial lowered shares of Aecon Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 3rd. National Bankshares lowered Aecon Group from an “outperform” rating to a “sector perform” rating and boosted their price target for the company from C$28.00 to C$30.00 in a report on Wednesday, December 4th. Canaccord Genuity Group increased their price objective on Aecon Group from C$28.00 to C$33.00 in a research note on Monday, November 4th. Finally, TD Securities raised Aecon Group from a “hold” rating to a “buy” rating and lifted their target price for the company from C$23.00 to C$35.00 in a research report on Monday, November 4th.

Aecon Group Stock Performance

ARE stock opened at C$24.51 on Monday. Aecon Group has a twelve month low of C$13.03 and a twelve month high of C$29.70. The firm has a market cap of C$1.53 billion, a price-to-earnings ratio of -90.78, a PEG ratio of 18.18 and a beta of 1.13. The business’s fifty day simple moving average is C$27.24 and its two-hundred day simple moving average is C$21.90. The company has a quick ratio of 1.27, a current ratio of 1.35 and a debt-to-equity ratio of 32.86.

Aecon Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, January 3rd were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 3.10%. The ex-dividend date was Tuesday, December 24th. Aecon Group’s payout ratio is -281.48%.

About Aecon Group

Aecon Group Inc, together with its subsidiaries, provide construction and infrastructure development services to private and public sector clients in Canada, the United States, and internationally. It operates through two segments, Construction and Concessions. The Construction segment focuses on civil infrastructure, urban transportation solutions, nuclear power infrastructure, utility infrastructure, and conventional industrial infrastructure market sectors.