Aecon Group Inc. (TSE:ARE) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Aecon Group Inc. (TSE:ARE) have earned an average rating of “Moderate Buy” from the thirteen brokerages that are currently covering the stock, MarketBeat reports. Six analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$27.35.

A number of brokerages have recently commented on ARE. Raymond James lifted their target price on Aecon Group from C$24.00 to C$28.00 in a report on Tuesday, November 5th. CIBC cut their price objective on shares of Aecon Group from C$35.00 to C$33.00 in a research report on Monday. BMO Capital Markets increased their target price on shares of Aecon Group from C$27.00 to C$29.00 in a research note on Friday, December 6th. National Bank Financial cut shares of Aecon Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 3rd. Finally, Canaccord Genuity Group increased their price objective on shares of Aecon Group from C$28.00 to C$33.00 in a research report on Monday, November 4th.

Aecon Group Stock Down 0.4 %

TSE ARE opened at C$24.26 on Friday. The stock has a 50 day moving average price of C$26.15 and a 200-day moving average price of C$22.88. Aecon Group has a one year low of C$13.03 and a one year high of C$29.70. The company has a debt-to-equity ratio of 32.86, a quick ratio of 1.27 and a current ratio of 1.35. The company has a market capitalization of C$1.52 billion, a P/E ratio of -89.85, a P/E/G ratio of 18.18 and a beta of 1.13.

Aecon Group Announces Dividend

The firm also recently announced 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 of this dividend was Tuesday, December 24th. This represents a $0.76 annualized dividend and a yield of 3.13%. Aecon Group’s dividend payout ratio (DPR) is -281.48%.

Aecon Group Company Profile

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.