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

Shares of Aecon Group Inc. (TSE:ARE) have been assigned a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are covering the company, Marketbeat.com reports. Six analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is C$25.25.

A number of equities research analysts recently issued reports on the company. Raymond James reduced their target price on Aecon Group from C$28.00 to C$23.00 and set a “market perform” rating on the stock in a research note on Friday, March 7th. National Bankshares raised Aecon Group from a “sector perform” rating to an “outperform” rating in a report on Monday, March 10th. Stifel Nicolaus lowered Aecon Group from a “buy” rating to a “hold” rating and decreased their price objective for the company from C$31.00 to C$19.00 in a research note on Friday, March 7th. CIBC cut their target price on shares of Aecon Group from C$33.00 to C$30.00 in a research note on Friday, March 7th. Finally, Desjardins decreased their price target on shares of Aecon Group from C$32.00 to C$29.00 and set a “buy” rating on the stock in a research note on Friday, March 7th.

Insiders Place Their Bets

In other news, Director Stuart Lee purchased 5,700 shares of the company’s stock in a transaction on Monday, March 10th. The stock was bought at an average cost of C$18.35 per share, for a total transaction of C$104,595.00. 0.82% of the stock is currently owned by insiders.

Aecon Group Stock Down 2.8 %

Shares of TSE ARE opened at C$16.67 on Friday. The firm’s 50-day moving average is C$20.96 and its two-hundred day moving average is C$23.74. The company has a market capitalization of C$1.05 billion, a PE ratio of -16.40, a price-to-earnings-growth ratio of 18.18 and a beta of 1.13. Aecon Group has a 12-month low of C$13.03 and a 12-month high of C$29.70. The company has a debt-to-equity ratio of 32.84, a current ratio of 1.19 and a quick ratio of 1.27.

Aecon Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, April 2nd were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 4.56%. The ex-dividend date was Friday, March 21st. Aecon Group’s dividend payout ratio (DPR) is -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.