Aecon Group (TSE:ARE - Free Report) had its price objective cut by Royal Bank of Canada from C$27.00 to C$20.00 in a report issued on Monday,BayStreet.CA reports.
Several other brokerages also recently commented on ARE. National Bank Financial downgraded Aecon Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, December 3rd. National Bankshares reduced their price target on Aecon Group from C$30.00 to C$23.00 and set a "sector perform" rating on the stock in a report on Friday, March 7th. TD Securities reduced their price target on Aecon Group from C$35.00 to C$30.00 and set a "buy" rating on the stock in a report on Friday, March 7th. BMO Capital Markets reduced their price target on Aecon Group from C$29.00 to C$24.00 in a report on Friday, March 7th. Finally, CIBC reduced their price target on Aecon Group from C$33.00 to C$30.00 in a report on Friday, March 7th. Six analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of C$25.25.
Check Out Our Latest Stock Report on Aecon Group
Aecon Group Price Performance
TSE ARE traded up C$0.56 during trading on Monday, hitting C$17.76. 315,273 shares of the company's stock were exchanged, compared to its average volume of 454,106. The company has a current ratio of 1.19, a quick ratio of 1.27 and a debt-to-equity ratio of 32.84. The company has a market cap of C$1.12 billion, a PE ratio of -17.47, a P/E/G ratio of 18.18 and a beta of 1.13. Aecon Group has a fifty-two week low of C$13.03 and a fifty-two week high of C$29.70. The stock's 50 day moving average price is C$23.44 and its two-hundred day moving average price is C$23.88.
Aecon Group Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, January 3rd were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 4.28%. The ex-dividend date of this dividend was Tuesday, December 24th. Aecon Group's dividend payout ratio (DPR) is presently -74.76%.
Insider Buying and Selling at Aecon Group
In related news, Director Stuart Lee acquired 5,700 shares of the company's stock in a transaction on Monday, March 10th. The shares were acquired at an average cost of C$18.35 per share, for a total transaction of C$104,595.00. Insiders own 0.82% of the company's stock.
About Aecon Group
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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.
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