Adam Robert Borgatti Buys 1,000 Shares of Aecon Group Inc. (TSE:ARE) Stock

Aecon Group Inc. (TSE:ARE) Senior Officer Adam Robert Borgatti acquired 1,000 shares of the stock in a transaction dated Monday, March 10th. The stock was acquired at an average price of C$18.39 per share, for a total transaction of C$18,391.00.

Aecon Group Stock Up 3.5 %

Shares of ARE stock traded up C$0.61 on Friday, hitting C$17.81. The stock had a trading volume of 504,528 shares, compared to its average volume of 457,459. The company has a quick ratio of 1.27, a current ratio of 1.19 and a debt-to-equity ratio of 32.84. The company has a market cap of C$1.13 billion, a PE ratio of -17.52, a P/E/G ratio of 18.18 and a beta of 1.13. The business has a 50 day moving average price of C$23.44 and a 200 day moving average price of C$23.88. Aecon Group Inc. has a one year low of C$13.03 and a one year high of C$29.70.

Aecon Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, January 3rd were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 4.27%. The ex-dividend date of this dividend was Tuesday, December 24th. Aecon Group’s payout ratio is -74.76%.

Analysts Set New Price Targets

A number of research analysts recently commented on ARE shares. Desjardins lowered their price target on Aecon Group from C$32.00 to C$29.00 and set a “buy” rating on the stock in a report on Friday, March 7th. TD Securities dropped their target price 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. CIBC cut their target price on shares of Aecon Group from C$33.00 to C$30.00 in a research note on Friday, March 7th. Stifel Canada cut shares of Aecon Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 6th. Finally, National Bank Financial upgraded Aecon Group from a “hold” rating to a “strong-buy” rating in a research report on Sunday, March 9th. Six equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Aecon Group has an average rating of “Moderate Buy” and an average price target of C$25.25.

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.