Aecon Group Inc. (TSE:ARE - Get Free Report) Senior Officer Adam Robert Borgatti acquired 1,000 shares of the stock in a transaction dated Monday, March 10th. The shares were bought at an average price of C$18.39 per share, for a total transaction of C$18,391.00.
Aecon Group Stock Down 0.9 %
Shares of ARE stock traded down C$0.16 during trading hours on Tuesday, hitting C$17.83. 152,474 shares of the company's stock traded hands, compared to its average volume of 458,897. The company has a quick ratio of 1.27, a current ratio of 1.19 and a debt-to-equity ratio of 32.84. The stock has a market cap of C$1.13 billion, a price-to-earnings ratio of -17.54, a PEG ratio of 18.18 and a beta of 1.13. The stock's fifty day simple moving average is C$23.10 and its two-hundred day simple moving average is C$23.92. Aecon Group Inc. has a 12-month low of C$13.03 and a 12-month high of C$29.70.
Aecon Group Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, April 2nd will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 4.26%. The ex-dividend date is Friday, March 21st. Aecon Group's dividend payout ratio is currently -74.76%.
Analyst Ratings Changes
ARE has been the topic of a number of research reports. Desjardins lowered their price target on 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. CIBC dropped their target price on Aecon Group from C$33.00 to C$30.00 in a research report on Friday, March 7th. National Bankshares upgraded shares of Aecon Group from a "sector perform" rating to an "outperform" rating in a research report on Monday, March 10th. National Bank Financial upgraded shares of Aecon Group from a "hold" rating to a "strong-buy" rating in a report on Sunday, March 9th. Finally, TD Securities reduced their target price on shares of Aecon Group from C$35.00 to C$30.00 and set a "buy" rating on the stock in a report on Friday, March 7th. Six investment 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of C$25.25.
Check Out Our Latest Analysis on ARE
About Aecon Group
(
Get Free Report)
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.
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