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

Aecon Group Inc. (TSE:ARE) has received a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is C$25.94.

ARE has been the topic of a number of analyst reports. Raymond James lifted their price objective on Aecon Group from C$24.00 to C$28.00 in a research report on Tuesday, November 5th. Royal Bank of Canada upped their price objective on shares of Aecon Group from C$13.00 to C$17.00 and gave the company a “sector perform” rating in a report on Monday, July 29th. Canaccord Genuity Group lifted their target price on shares of Aecon Group from C$28.00 to C$33.00 in a research note on Monday, November 4th. National Bankshares upgraded shares of Aecon Group from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from C$17.00 to C$20.50 in a report on Monday, July 29th. Finally, Stifel Nicolaus raised their price target on shares of Aecon Group from C$30.00 to C$31.00 in a report on Friday, October 4th.

Aecon Group Stock Up 0.9 %

Shares of ARE opened at C$29.16 on Friday. The stock has a 50 day moving average price of C$23.73 and a 200 day moving average price of C$19.08. Aecon Group has a one year low of C$11.05 and a one year high of C$29.61. 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 stock has a market capitalization of C$1.82 billion, a price-to-earnings ratio of -108.00, a PEG ratio of 18.18 and a beta of 1.13.

Aecon Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Wednesday, October 2nd were given a dividend of $0.19 per share. The ex-dividend date was Friday, September 20th. This represents a $0.76 annualized dividend and a dividend yield of 2.61%. 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.