Aecon Group Inc. (TSE:ARE) Receives C$25.94 Average Target Price from Analysts

Aecon Group Inc. (TSE:ARE - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the thirteen ratings firms that are presently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is C$25.94.

ARE has been the subject of a number of research reports. National Bankshares raised shares of Aecon Group from a "sector perform" rating to an "outperform" rating and upped their target price for the company from C$17.00 to C$20.50 in a report on Monday, July 29th. Canaccord Genuity Group increased their price objective on Aecon Group from C$28.00 to C$33.00 in a research report on Monday, November 4th. Raymond James boosted their target price on Aecon Group from C$24.00 to C$28.00 in a report on Tuesday, November 5th. TD Securities raised shares of Aecon Group from a "hold" rating to a "buy" rating and boosted their price objective for the company from C$23.00 to C$35.00 in a research note on Monday, November 4th. Finally, CIBC raised their target price on shares of Aecon Group from C$25.00 to C$29.00 in a research note on Monday, November 4th.

Aecon Group Stock Performance

Shares of Aecon Group stock traded up C$0.26 during trading on Friday, reaching C$29.16. The company's stock had a trading volume of 232,400 shares, compared to its average volume of 292,935. The company has a 50-day moving average price of C$23.73 and a two-hundred day moving average price of C$19.11. Aecon Group has a fifty-two week low of C$11.05 and a fifty-two week high of C$29.61. The firm has a market cap of C$1.82 billion, a PE ratio of -108.00, a P/E/G ratio of 18.18 and a beta of 1.13. The company has a current ratio of 1.35, a quick ratio of 1.27 and a debt-to-equity ratio of 32.86.

Aecon Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Wednesday, October 2nd were given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 2.61%. The ex-dividend date of this dividend was Friday, September 20th. Aecon Group's payout ratio is -281.48%.

About Aecon Group

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.