Aecon Group Inc. (TSE:ARE - Get Free Report) has received an average recommendation of "Moderate Buy" from the thirteen brokerages that are currently covering the firm, Marketbeat reports. Six research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is C$27.53.
ARE has been the topic of several research analyst reports. Raymond James upped their price objective on shares of Aecon Group from C$24.00 to C$28.00 in a research report on Tuesday, November 5th. CIBC lifted their price target on shares of Aecon Group from C$29.00 to C$35.00 in a report on Friday, December 13th. National Bankshares lowered shares of Aecon Group from an "outperform" rating to a "sector perform" rating and increased their price target for the stock from C$28.00 to C$30.00 in a research note on Wednesday, December 4th. BMO Capital Markets upped their price objective on shares of Aecon Group from C$27.00 to C$29.00 in a report on Friday, December 6th. Finally, TD Securities raised Aecon Group from a "hold" rating to a "buy" rating and boosted their price target for the stock from C$23.00 to C$35.00 in a research report on Monday, November 4th.
Read Our Latest Report on ARE
Aecon Group Stock Performance
ARE traded down C$0.19 during trading on Monday, hitting C$24.74. 36,532 shares of the company traded hands, compared to its average volume of 271,912. The firm has a market cap of C$1.55 billion, a P/E ratio of -91.63, a price-to-earnings-growth ratio of 18.18 and a beta of 1.13. The company has a quick ratio of 1.27, a current ratio of 1.35 and a debt-to-equity ratio of 32.86. Aecon Group has a one year low of C$13.03 and a one year high of C$29.70. The stock's fifty day moving average is C$27.66 and its 200 day moving average is C$21.70.
Aecon Group Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, January 3rd were paid a dividend of $0.19 per share. The ex-dividend date was Tuesday, December 24th. This represents a $0.76 annualized dividend and a dividend yield of 3.07%. Aecon Group's dividend payout ratio is currently -281.48%.
About Aecon Group
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Get Free ReportAecon 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.
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