Aecon Group Inc. (TSE:ARE - Get Free Report) fell 11.9% during mid-day trading on Thursday . The stock traded as low as C$19.25 and last traded at C$19.61. 155,384 shares were traded during trading, a decline of 59% from the average session volume of 376,128 shares. The stock had previously closed at C$22.27.
Analysts Set New Price Targets
Several brokerages recently issued reports on ARE. BMO Capital Markets cut their target price on shares of Aecon Group from C$29.00 to C$24.00 in a research note on Friday. Stifel Nicolaus lowered shares of Aecon Group from a "buy" rating to a "hold" rating and cut their target price for the stock from C$31.00 to C$19.00 in a research note on Friday. National Bank Financial lowered shares of Aecon Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, December 3rd. National Bankshares upgraded shares of Aecon Group from a "sector perform" rating to an "outperform" rating in a report on Monday. Finally, CIBC lowered their price objective on shares of Aecon Group from C$33.00 to C$30.00 in a report on Friday. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of C$25.25.
Read Our Latest Report on ARE
Aecon Group Stock Performance
The company's fifty day moving average price is C$24.19 and its 200 day moving average price is C$23.92. The company has a market cap of C$1.14 billion, a PE ratio of -17.74, 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 Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, January 3rd were issued a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, December 24th. This represents a $0.76 annualized dividend and a dividend yield of 4.22%. Aecon Group's dividend payout ratio is currently -74.76%.
Insider Activity
In related news, Director Stuart Lee acquired 5,700 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The stock was acquired at an average price of C$18.35 per share, for a total transaction of C$104,595.00. 0.82% of the stock is currently owned by corporate insiders.
About Aecon Group
(
Get Free Report)
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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