Aecon Group (TSE:ARE) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

Aecon Group Inc. (TSE:ARE) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$21.51 and traded as high as C$25.57. Aecon Group shares last traded at C$25.25, with a volume of 287,830 shares changing hands.

Analysts Set New Price Targets

Several equities research analysts have issued reports on ARE shares. BMO Capital Markets raised their price target on Aecon Group from C$27.00 to C$29.00 in a report on Friday, December 6th. Raymond James lifted their target price on shares of Aecon Group from C$24.00 to C$28.00 in a report on Tuesday, November 5th. National Bankshares cut shares of Aecon Group from an “outperform” rating to a “sector perform” rating and increased their price target for the company from C$28.00 to C$30.00 in a report on Wednesday, December 4th. Stifel Nicolaus boosted their price objective on Aecon Group from C$30.00 to C$31.00 in a report on Friday, October 4th. Finally, National Bank Financial lowered Aecon Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 3rd. Six equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Aecon Group has a consensus rating of “Moderate Buy” and an average target price of C$27.53.

Aecon Group Stock Down 0.5 %

The company has a debt-to-equity ratio of 32.86, a current ratio of 1.35 and a quick ratio of 1.27. The company has a market cap of C$1.58 billion, a P/E ratio of -93.52, a PEG ratio of 18.18 and a beta of 1.13. The stock has a 50-day moving average of C$27.63 and a 200 day moving average of C$21.51.

Aecon Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, January 3rd were paid a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, December 24th. This represents a $0.76 annualized dividend and a dividend yield of 3.01%. Aecon Group’s payout ratio is -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.