Aecon Group (TSE:ARE) Raised to "Outperform" at Raymond James

Raymond James upgraded shares of Aecon Group (TSE:ARE - Free Report) from a market perform rating to an outperform rating in a research note published on Tuesday, MarketBeat reports. They currently have C$23.00 price target on the stock.

Several other brokerages have also weighed in on ARE. Stifel Nicolaus lowered their price objective on Aecon Group from C$19.00 to C$16.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Royal Bank of Canada reduced their price objective on Aecon Group from C$27.00 to C$20.00 in a research note on Monday, March 10th. National Bankshares upgraded shares of Aecon Group from a "sector perform" rating to an "outperform" rating in a research note on Monday, March 10th. National Bank Financial upgraded shares of Aecon Group from a "hold" rating to a "strong-buy" rating in a research report on Sunday, March 9th. Finally, BMO Capital Markets decreased their price target on shares of Aecon Group from C$29.00 to C$24.00 in a report on Friday, March 7th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Aecon Group presently has a consensus rating of "Buy" and a consensus target price of C$23.10.

Aecon Group Stock Down 1.7 %

ARE traded down C$0.27 during trading on Tuesday, hitting C$15.40. The company had a trading volume of 763,529 shares, compared to its average volume of 489,119. The company has a market cap of C$974.29 million, a PE ratio of -15.15, a P/E/G ratio of 18.18 and a beta of 1.13. The company has a debt-to-equity ratio of 32.84, a current ratio of 1.19 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. The business has a 50-day moving average of C$18.52 and a 200-day moving average of C$23.30.

Aecon Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, April 2nd were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 4.94%. The ex-dividend date was Friday, March 21st. Aecon Group's payout ratio is currently -74.76%.

Insider Activity

In other news, Director Stuart Lee bought 5,700 shares of the company's stock in a transaction that occurred 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. Corporate insiders own 0.82% of the company's stock.

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.