Brokerages Set Aecon Group Inc. (TSE:ARE) PT at C$27.35

Aecon Group Inc. (TSE:ARE - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the thirteen ratings firms that are presently covering the company, MarketBeat reports. Six research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is C$27.35.

A number of analysts recently commented on ARE shares. CIBC dropped their target price on shares of Aecon Group from C$35.00 to C$33.00 in a report on Monday, February 3rd. National Bankshares downgraded Aecon Group from an "outperform" rating to a "sector perform" rating and raised their price target for the stock from C$28.00 to C$30.00 in a research note on Wednesday, December 4th. National Bank Financial lowered Aecon Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, December 3rd. Finally, BMO Capital Markets raised their target price on Aecon Group from C$27.00 to C$29.00 in a report on Friday, December 6th.

Aecon Group Price Performance

TSE ARE traded down C$0.64 during mid-day trading on Tuesday, hitting C$18.05. The stock had a trading volume of 912,314 shares, compared to its average volume of 418,622. Aecon Group has a 52-week low of C$13.03 and a 52-week high of C$29.70. The company has a market cap of C$1.14 billion, a price-to-earnings ratio of -17.76, a P/E/G ratio of 18.18 and a beta of 1.13. The company has a quick ratio of 1.27, a current ratio of 1.19 and a debt-to-equity ratio of 32.84. The company has a 50 day simple moving average of C$24.38 and a 200 day simple moving average of C$23.88.

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Aecon Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors 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 yield of 4.21%. The ex-dividend date of this dividend was Tuesday, December 24th. Aecon Group's dividend payout ratio is -74.76%.

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.