Aecon Group (TSE:ARE) Shares Cross Above 200 Day Moving Average – Should You Sell?

Shares of Aecon Group Inc. (TSE:ARE) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$23.20 and traded as high as C$23.52. Aecon Group shares last traded at C$23.29, with a volume of 188,090 shares traded.

Wall Street Analyst Weigh In

ARE has been the topic of a number of research reports. Canaccord Genuity Group boosted their price objective on shares of Aecon Group from C$28.00 to C$33.00 in a research report on Monday, November 4th. National Bank Financial downgraded shares of Aecon Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 3rd. National Bankshares downgraded shares of Aecon Group from an “outperform” rating to a “sector perform” rating and boosted their target price for the stock from C$28.00 to C$30.00 in a report on Wednesday, December 4th. TD Securities upgraded shares of Aecon Group from a “hold” rating to a “buy” rating and boosted their target price for the stock from C$23.00 to C$35.00 in a report on Monday, November 4th. Finally, CIBC lowered their target price on shares of Aecon Group from C$35.00 to C$33.00 in a report on Monday, February 3rd. Six investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Aecon Group has an average rating of “Moderate Buy” and an average target price of C$27.35.

Aecon Group Stock Performance

The stock has a market capitalization of C$1.47 billion, a price-to-earnings ratio of -22.91, a P/E/G ratio of 18.18 and a beta of 1.13. The company’s fifty day simple moving average is C$25.60 and its 200 day simple moving average is C$23.20. The company has a quick ratio of 1.27, a current ratio of 1.19 and a debt-to-equity ratio of 32.84.

Aecon Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, January 3rd were paid a $0.19 dividend. The ex-dividend date was Tuesday, December 24th. This represents a $0.76 annualized dividend and a dividend yield of 3.26%. Aecon Group’s dividend payout ratio (DPR) is presently -74.76%.

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.