Aecon Group Inc. (TSE:ARE) Given Consensus Rating of "Moderate Buy" by Analysts

Aecon Group Inc. (TSE:ARE - Get Free Report) has been given an average rating of "Moderate Buy" by the thirteen brokerages that are presently covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$25.25.

A number of equities research analysts have issued reports on ARE shares. National Bankshares raised shares of Aecon Group from a "sector perform" rating to an "outperform" rating in a report on Monday, March 10th. Stifel Nicolaus cut Aecon Group from a "buy" rating to a "hold" rating and dropped their price objective for the stock from C$31.00 to C$19.00 in a report on Friday, March 7th. BMO Capital Markets reduced their target price on Aecon Group from C$29.00 to C$24.00 in a report on Friday, March 7th. Stifel Canada downgraded shares of Aecon Group from a "strong-buy" rating to a "hold" rating in a report on Thursday, March 6th. Finally, Royal Bank of Canada reduced their price objective on shares of Aecon Group from C$27.00 to C$20.00 in a research note on Monday, March 10th.

Insider Buying and Selling

In related news, Director Stuart Lee acquired 5,700 shares of the firm's stock in a transaction dated Monday, March 10th. The shares were purchased at an average price of C$18.35 per share, for a total transaction of C$104,595.00. 0.82% of the stock is currently owned by corporate insiders.

Aecon Group Stock Performance

Shares of ARE traded up C$0.52 during trading hours on Friday, hitting C$17.46. The company's stock had a trading volume of 493,035 shares, compared to its average volume of 474,303. The business has a 50 day simple moving average of C$21.37 and a two-hundred day simple moving average of C$23.84. Aecon Group has a 52-week low of C$13.03 and a 52-week high of C$29.70. The company has a debt-to-equity ratio of 32.84, a current ratio of 1.19 and a quick ratio of 1.27. The company has a market cap of C$1.10 billion, a price-to-earnings ratio of -17.18, a PEG ratio of 18.18 and a beta of 1.13.

Aecon Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, April 2nd will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, March 21st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.35%. Aecon Group's dividend payout ratio is -74.76%.

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.