Aecon Group Inc. (TSE:ARE) Receives C$27.53 Average Price Target from Analysts

Shares of Aecon Group Inc. (TSE:ARE - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the thirteen brokerages that are currently covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is C$27.53.

Several research analysts have recently commented on ARE shares. National Bankshares downgraded Aecon Group from an "outperform" rating to a "sector perform" rating and boosted their target price for the stock from C$28.00 to C$30.00 in a report on Wednesday, December 4th. CIBC lifted their price target on Aecon Group from C$29.00 to C$35.00 in a report on Friday, December 13th. Stifel Nicolaus raised their price objective on shares of Aecon Group from C$30.00 to C$31.00 in a research report on Friday, October 4th. Raymond James upped their target price on shares of Aecon Group from C$24.00 to C$28.00 in a research report on Tuesday, November 5th. Finally, ATB Capital boosted their price objective on shares of Aecon Group from C$21.00 to C$29.00 and gave the stock an "outperform" rating in a research report on Monday, September 16th.

Aecon Group Price Performance

Shares of ARE traded up C$0.88 during trading hours on Thursday, hitting C$27.12. The stock had a trading volume of 453,495 shares, compared to its average volume of 296,603. The stock has a market capitalization of C$1.69 billion, a price-to-earnings ratio of -100.44, a P/E/G ratio of 18.18 and a beta of 1.13. The company has a debt-to-equity ratio of 32.86, a current ratio of 1.35 and a quick ratio of 1.27. The company's fifty day moving average is C$26.38 and its two-hundred day moving average is C$20.49. Aecon Group has a 52 week low of C$11.80 and a 52 week high of C$29.70.

Aecon Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Wednesday, October 2nd were paid a $0.19 dividend. The ex-dividend date of this dividend was Friday, September 20th. This represents a $0.76 dividend on an annualized basis and a yield of 2.80%. Aecon Group's payout ratio is -281.48%.

Aecon Group Company Profile

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.