Aecon Group Inc. (TSE:ARE - Get Free Report) Director Stuart Lee bought 5,700 shares of the company's stock in a transaction that occurred on Monday, March 10th. The stock was acquired at an average price of C$18.35 per share, with a total value of C$104,595.00.
Aecon Group Stock Performance
Shares of TSE ARE traded down C$0.52 during trading on Thursday, reaching C$17.20. The stock had a trading volume of 794,430 shares, compared to its average volume of 457,174. The stock has a market cap of C$1.09 billion, a PE ratio of -16.92, a P/E/G ratio of 18.18 and a beta of 1.13. The firm's 50 day moving average price is C$23.64 and its two-hundred day moving average price is C$23.93. 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 Inc. has a one year low of C$13.03 and a one year high of C$29.70.
Aecon Group Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, January 3rd were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 4.42%. The ex-dividend date was Tuesday, December 24th. Aecon Group's dividend payout ratio (DPR) is presently -74.76%.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on ARE. Stifel Nicolaus cut shares of Aecon Group from a "buy" rating to a "hold" rating and lowered their price objective for the company from C$31.00 to C$19.00 in a research note on Friday, March 7th. Royal Bank of Canada lowered their price target on Aecon Group from C$27.00 to C$20.00 in a report on Monday. CIBC lowered their target price on Aecon Group from C$33.00 to C$30.00 in a research note on Friday, March 7th. Desjardins reduced 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. Finally, TD Securities lowered their price objective on shares of Aecon Group from C$35.00 to C$30.00 and set a "buy" rating for the company in a research report on Friday, March 7th. Six equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of C$25.25.
View Our Latest Stock Report 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.
Featured Articles
Before you consider Aecon Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Aecon Group wasn't on the list.
While Aecon Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Almost everyone loves strong dividend-paying stocks, but high yields can signal danger. Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings. Enter your email to get this report and avoid a high-yield dividend trap.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
