Aecon Group (TSE:ARE - Free Report) had its target price decreased by CIBC from C$33.00 to C$30.00 in a report issued on Friday morning,BayStreet.CA reports.
A number of other brokerages have also commented on ARE. National Bank Financial lowered Aecon Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, December 3rd. BMO Capital Markets increased their price objective on Aecon Group from C$27.00 to C$29.00 in a research report on Friday, December 6th. TD Securities decreased their price objective on Aecon Group from C$35.00 to C$30.00 and set a "buy" rating on the stock in a research report on Friday. National Bankshares lowered Aecon Group from an "outperform" rating to a "sector perform" rating and increased their price objective for the company from C$28.00 to C$30.00 in a research report on Wednesday, December 4th. Finally, Desjardins decreased their price objective on Aecon Group from C$32.00 to C$29.00 and set a "buy" rating on the stock in a research report on Friday. Six analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Aecon Group presently has an average rating of "Moderate Buy" and an average price target of C$25.25.
Read Our Latest Research Report on ARE
Aecon Group Price Performance
ARE stock traded up C$0.02 during midday trading on Friday, reaching C$18.05. 643,100 shares of the company's stock traded hands, compared to its average volume of 445,845. The company has a 50-day simple moving average of C$24.01 and a two-hundred day simple moving average of C$23.93. Aecon Group has a 1-year low of C$13.03 and a 1-year 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 PEG 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.
Aecon Group Dividend Announcement
The company 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 dividend yield of 4.21%. The ex-dividend date was Tuesday, December 24th. Aecon Group's dividend payout ratio is -74.76%.
Insider Buying and Selling at Aecon Group
In other news, Director Stuart Lee purchased 5,700 shares of the company's stock in a transaction on Monday, March 10th. The shares were purchased at an average price of C$18.35 per share, with a total value of C$104,595.00. Company 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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