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

Aecon Group Inc. (TSE:ARE)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$22.04 and traded as high as C$24.52. Aecon Group shares last traded at C$24.40, with a volume of 67,524 shares trading hands.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Stifel Nicolaus raised their price target on Aecon Group from C$30.00 to C$31.00 in a report on Friday, October 4th. Canaccord Genuity Group increased their price target on Aecon Group from C$28.00 to C$33.00 in a research report on Monday, November 4th. Raymond James raised their target price on shares of Aecon Group from C$24.00 to C$28.00 in a report on Tuesday, November 5th. TD Securities upgraded Aecon Group from a “hold” rating to a “buy” rating and upped their price objective for the stock from C$23.00 to C$35.00 in a research report on Monday, November 4th. Finally, CIBC increased their price objective on shares of Aecon Group from C$29.00 to C$35.00 in a research note on Friday, December 13th. Six research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$27.53.

Aecon Group Trading Down 0.4 %

The firm’s fifty day moving average is C$27.16 and its 200-day moving average is C$22.04. 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 firm has a market cap of C$1.52 billion, a price-to-earnings ratio of -90.37, a price-to-earnings-growth ratio of 18.18 and a beta of 1.13.

Aecon Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, January 3rd were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 3.11%. The ex-dividend date was Tuesday, December 24th. Aecon Group’s dividend payout ratio (DPR) is presently -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.