Aecon Group Inc. (TSE:ARE) Receives Average Recommendation of "Moderate Buy" from Brokerages

Aecon Group Inc. (TSE:ARE - Get Free Report) has earned a consensus rating of "Moderate Buy" from the thirteen ratings firms that are covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is C$27.35.

Several equities analysts have commented on the company. CIBC cut their price objective on Aecon Group from C$35.00 to C$33.00 in a research report on Monday, February 3rd. BMO Capital Markets increased their price target on Aecon Group from C$27.00 to C$29.00 in a research report on Friday, December 6th. National Bankshares downgraded Aecon Group from an "outperform" rating to a "sector perform" rating and lifted their price objective for the company from C$28.00 to C$30.00 in a report on Wednesday, December 4th. Canaccord Genuity Group upped their price objective on shares of Aecon Group from C$28.00 to C$33.00 in a research note on Monday, November 4th. Finally, National Bank Financial downgraded shares of Aecon Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, December 3rd.

Aecon Group Trading Up 0.3 %

TSE:ARE traded up C$0.08 during mid-day trading on Friday, hitting C$24.02. 353,567 shares of the stock traded hands, compared to its average volume of 403,524. 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 52 week low of C$13.03 and a 52 week high of C$29.70. The stock has a market capitalization of C$1.50 billion, a price-to-earnings ratio of -88.96, a PEG ratio of 18.18 and a beta of 1.13. The firm's 50 day moving average is C$25.96 and its two-hundred day moving average is C$23.07.

Aecon Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, January 3rd were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date was Tuesday, December 24th. Aecon Group's payout ratio is presently -281.48%.

About Aecon Group

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.