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

Shares of Aecon Group Inc. (TSE:ARE) have received an average rating of “Moderate Buy” from the thirteen analysts that are currently covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$27.53.

A number of equities research analysts recently weighed in on the stock. Stifel Nicolaus upped their target price on shares of Aecon Group from C$30.00 to C$31.00 in a report on Friday, October 4th. Raymond James increased their price objective on Aecon Group from C$24.00 to C$28.00 in a research note on Tuesday, November 5th. National Bankshares cut Aecon Group from an “outperform” rating to a “sector perform” rating and lifted their target price for the company from C$28.00 to C$30.00 in a research report on Wednesday, December 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. Finally, CIBC raised their price objective on Aecon Group from C$29.00 to C$35.00 in a research note on Friday, December 13th.

Aecon Group Stock Up 1.1 %

ARE stock opened at C$24.51 on Monday. The stock has a market capitalization of C$1.53 billion, a P/E ratio of -90.78, a price-to-earnings-growth ratio of 18.18 and a beta of 1.13. The company has a current ratio of 1.35, a quick ratio of 1.27 and a debt-to-equity ratio of 32.86. The firm has a 50-day moving average price of C$27.24 and a 200-day moving average price of C$21.98. Aecon Group has a 12 month low of C$13.03 and a 12 month high of C$29.70.

Aecon Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, January 3rd were given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 3.10%. The ex-dividend date was Tuesday, December 24th. Aecon Group’s dividend payout ratio (DPR) is currently -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.