Aecon Group Inc. (TSE:ARE) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Aecon Group Inc. (TSE:ARE) have been assigned a consensus recommendation of “Moderate Buy” from the thirteen brokerages that are covering the company, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is C$27.53.

Several research firms recently commented on ARE. Raymond James raised their target price on Aecon Group from C$24.00 to C$28.00 in a research note on Tuesday, November 5th. ATB Capital lifted their price objective on shares of Aecon Group from C$21.00 to C$29.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. BMO Capital Markets boosted their target price on shares of Aecon Group from C$27.00 to C$29.00 in a research report on Friday, December 6th. Canaccord Genuity Group raised their price target on shares of Aecon Group from C$28.00 to C$33.00 in a report on Monday, November 4th. Finally, National Bank Financial lowered shares of Aecon Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 3rd.

Aecon Group Trading Down 1.0 %

Shares of ARE stock opened at C$24.93 on Monday. Aecon Group has a 1-year low of C$13.03 and a 1-year high of C$29.70. The company has a current ratio of 1.35, a quick ratio of 1.27 and a debt-to-equity ratio of 32.86. The stock has a market cap of C$1.56 billion, a price-to-earnings ratio of -92.33, a PEG ratio of 18.18 and a beta of 1.13. The stock has a 50-day moving average of C$27.66 and a 200-day moving average of C$21.66.

Aecon Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, January 3rd were paid a dividend of $0.19 per share. The ex-dividend date was Tuesday, December 24th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.05%. Aecon Group’s payout ratio is -281.48%.

About Aecon Group

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.