Aecon Group (TSE:ARE) Lowered to Sector Perform Rating by National Bankshares

National Bankshares cut shares of Aecon Group (TSE:ARE) from an outperform rating to a sector perform rating in a report released on Wednesday morning,BayStreet.CA reports. National Bankshares currently has C$30.00 target price on the stock, up from their prior target price of C$28.00.

ARE has been the topic of several other reports. BMO Capital Markets lifted their price target on shares of Aecon Group from C$16.50 to C$27.00 in a report on Monday, November 4th. Raymond James boosted their target price on Aecon Group from C$24.00 to C$28.00 in a research note on Tuesday, November 5th. Canaccord Genuity Group boosted their price target on Aecon Group from C$28.00 to C$33.00 in a research note on Monday, November 4th. ATB Capital boosted their target price on shares of Aecon Group from C$21.00 to C$29.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Finally, Stifel Nicolaus boosted their target price on shares of Aecon Group from C$30.00 to C$31.00 in a research report on Friday, October 4th. Five analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$26.80.

Aecon Group Trading Down 0.9 %

Shares of TSE:ARE opened at C$27.75 on Wednesday. Aecon Group has a 12-month low of C$11.50 and a 12-month high of C$29.70. The business’s fifty day simple moving average is C$25.17 and its 200-day simple moving average is C$19.77. The company has a market capitalization of C$1.73 billion, a PE ratio of -102.78, a P/E/G ratio of 18.18 and a beta of 1.13. The company has a current ratio of 1.35, a quick ratio of 1.27 and a debt-to-equity ratio of 32.86.

Aecon Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Investors of record on Wednesday, October 2nd were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date of this dividend was Friday, September 20th. Aecon Group’s dividend payout ratio is presently -281.48%.

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.