Aecon Group (TSE:ARE) Given New C$31.00 Price Target at CIBC

Aecon Group (TSE:ARE) had its price objective upped by CIBC from C$30.00 to C$31.00 in a research note released on Thursday morning,BayStreet.CA reports.

Several other equities analysts have also commented on the company. National Bankshares raised Aecon Group from a “sector perform” rating to an “outperform” rating in a research note on Monday, March 10th. Desjardins decreased their target price on shares of Aecon Group from C$32.00 to C$29.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. TD Securities lowered their target price on shares of Aecon Group from C$35.00 to C$30.00 and set a “buy” rating for the company in a research note on Friday, March 7th. BMO Capital Markets reduced their price target on shares of Aecon Group from C$29.00 to C$24.00 in a research note on Friday, March 7th. Finally, National Bank Financial raised shares of Aecon Group from a “hold” rating to a “strong-buy” rating in a research report on Sunday, March 9th. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$25.07.

Aecon Group Stock Up 0.8 %

ARE stock opened at C$17.34 on Thursday. Aecon Group has a one year low of C$13.03 and a one year high of C$29.70. The firm has a market cap of C$1.10 billion, a PE ratio of -17.06, a PEG ratio of 18.18 and a beta of 1.13. The firm’s 50 day moving average price is C$19.32 and its 200-day moving average price is C$23.49. The company has a debt-to-equity ratio of 32.84, a quick ratio of 1.27 and a current ratio of 1.19.

Aecon Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, April 2nd were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.38%. The ex-dividend date of this dividend was Friday, March 21st. Aecon Group’s dividend payout ratio is currently -74.76%.

Insider Activity

In other news, Director Stuart Lee bought 5,700 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The shares were purchased at an average cost of C$18.35 per share, for a total transaction of C$104,595.00. Insiders own 0.82% of the company’s stock.

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.