Aecon Group (TSE:ARE - Free Report) had its price target cut by CIBC from C$35.00 to C$33.00 in a research report sent to investors on Monday,BayStreet.CA reports.
ARE has been the subject of a number of other reports. Raymond James lifted their price target on shares of Aecon Group from C$24.00 to C$28.00 in a report on Tuesday, November 5th. Canaccord Genuity Group lifted their target price on shares of Aecon Group from C$28.00 to C$33.00 in a research note on Monday, November 4th. BMO Capital Markets increased their price target on Aecon Group from C$27.00 to C$29.00 in a research note on Friday, December 6th. TD Securities upgraded Aecon Group from a "hold" rating to a "buy" rating and upped their target price for the company from C$23.00 to C$35.00 in a research note on Monday, November 4th. Finally, National Bank Financial lowered Aecon Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, December 3rd. Six research 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 company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of C$27.35.
Get Our Latest Analysis on ARE
Aecon Group Price Performance
Shares of ARE stock traded down C$0.10 during midday trading on Monday, reaching C$24.26. 313,991 shares of the company traded hands, compared to its average volume of 406,475. The firm's 50 day simple moving average is C$26.24 and its two-hundred day simple moving average is C$22.87. The firm has a market cap of C$1.52 billion, a PE ratio of -89.85, a price-to-earnings-growth ratio of 18.18 and a beta of 1.13. The company has a debt-to-equity ratio of 32.86, a current ratio of 1.35 and a quick ratio of 1.27. Aecon Group has a 1-year low of C$13.03 and a 1-year high of C$29.70.
Aecon Group Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, January 3rd were paid a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, December 24th. This represents a $0.76 dividend on an annualized basis and a yield of 3.13%. Aecon Group's payout ratio is currently -281.48%.
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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