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

Aecon Group Inc. (TSE:ARE) announced a quarterly dividend on Tuesday, December 24th,TickerTech Dividends reports. Stockholders of record on Friday, January 3rd will be paid a dividend of 0.19 per share on Friday, January 3rd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date of this dividend is Tuesday, December 24th.

Aecon Group Price Performance

ARE stock opened at C$27.17 on Tuesday. The stock’s 50 day moving average is C$26.69 and its two-hundred day moving average is C$20.71. Aecon Group has a 52-week low of C$11.80 and a 52-week high of C$29.70. The company has a market capitalization of C$1.70 billion, a PE ratio of -100.63, a P/E/G ratio of 18.18 and a beta of 1.13. The company has a quick ratio of 1.27, a current ratio of 1.35 and a debt-to-equity ratio of 32.86.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. CIBC increased their price objective on shares of Aecon Group from C$29.00 to C$35.00 in a research note on Friday, December 13th. Canaccord Genuity Group lifted their price target on Aecon Group from C$28.00 to C$33.00 in a research note on Monday, November 4th. National Bankshares lowered Aecon Group from an “outperform” rating to a “sector perform” rating and boosted their price objective for the company from C$28.00 to C$30.00 in a report on Wednesday, December 4th. ATB Capital increased their target price on Aecon Group from C$21.00 to C$29.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Finally, Raymond James boosted their price target on Aecon Group from C$24.00 to C$28.00 in a report on Tuesday, November 5th. Six research 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 company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$27.53.

Aecon Group Company Profile

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.