Aecon Group Inc. (TSE:ARE) Plans $0.19 Quarterly Dividend

Aecon Group Inc. (TSE:ARE) declared a quarterly dividend on Friday, March 21st, TickerTech Dividends reports. Investors of record on Wednesday, April 2nd will be given a dividend of 0.19 per share on Wednesday, April 2nd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.25%. The ex-dividend date is Friday, March 21st.

Aecon Group Stock Performance

ARE opened at C$17.89 on Wednesday. The company has a current ratio of 1.19, a quick ratio of 1.27 and a debt-to-equity ratio of 32.84. The company has a market cap of C$1.13 billion, a price-to-earnings ratio of -17.60, a PEG ratio of 18.18 and a beta of 1.13. The company’s 50 day moving average is C$22.95 and its 200 day moving average is C$23.92. Aecon Group has a 12-month low of C$13.03 and a 12-month high of C$29.70.

Analyst Ratings Changes

A number of equities analysts recently issued reports on ARE shares. National Bank Financial raised shares of Aecon Group from a “hold” rating to a “strong-buy” rating in a report on Sunday, March 9th. Stifel Canada downgraded shares of Aecon Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 6th. BMO Capital Markets dropped their price objective on shares of Aecon Group from C$29.00 to C$24.00 in a report on Friday, March 7th. Desjardins decreased their target price on shares of Aecon Group from C$32.00 to C$29.00 and set a “buy” rating on the stock in a research note on Friday, March 7th. Finally, Stifel Nicolaus cut shares of Aecon Group from a “buy” rating to a “hold” rating and decreased their target price for the stock from C$31.00 to C$19.00 in a research note on Friday, March 7th. Six investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$25.25.

Insider Activity

In related news, Director Stuart Lee acquired 5,700 shares of Aecon Group stock in a transaction dated Monday, March 10th. The shares were purchased 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.

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.