Aecon Group (TSE:ARE) Given New C$33.00 Price Target at CIBC

Aecon Group (TSE:ARE) had its price objective lowered by CIBC from C$35.00 to C$33.00 in a research report sent to investors on Monday morning,BayStreet.CA reports.

A number of other research analysts have also recently issued reports on ARE. BMO Capital Markets increased their target price on shares of Aecon Group from C$27.00 to C$29.00 in a report on Friday, December 6th. TD Securities upgraded shares of Aecon Group from a “hold” rating to a “buy” rating and lifted their price target for the company from C$23.00 to C$35.00 in a report on Monday, November 4th. Canaccord Genuity Group lifted their price target on shares of Aecon Group from C$28.00 to C$33.00 in a report on Monday, November 4th. National Bankshares downgraded shares of Aecon Group from an “outperform” rating to a “sector perform” rating and raised their target price for the company from C$28.00 to C$30.00 in a research note on Wednesday, December 4th. Finally, Raymond James lifted their price target on shares of Aecon Group from C$24.00 to C$28.00 in a research note on Tuesday, November 5th. Six investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Aecon Group has an average rating of “Moderate Buy” and a consensus target price of C$27.35.

Aecon Group Stock Down 1.4 %

Shares of TSE ARE opened at C$23.63 on Monday. The company has a 50 day simple moving average of C$26.44 and a 200-day simple moving average of C$22.74. The company has a market capitalization of C$1.48 billion, a P/E ratio of -87.52, a P/E/G ratio of 18.18 and a beta of 1.13. The company has a debt-to-equity ratio of 32.86, a current ratio of 1.35 and a quick ratio of 1.27. Aecon Group has a 1 year low of C$13.03 and a 1 year high of C$29.70.

Aecon Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, January 3rd were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date of this dividend was Tuesday, December 24th. Aecon Group’s dividend payout ratio (DPR) is currently -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.