Aecon Group Inc. (TSE:ARE - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$21.51 and traded as high as C$25.57. Aecon Group shares last traded at C$25.25, with a volume of 287,830 shares changing hands.
Analyst Upgrades and Downgrades
Several equities research analysts have weighed in on ARE shares. National Bank Financial cut Aecon Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, December 3rd. National Bankshares lowered Aecon Group from an "outperform" rating to a "sector perform" rating and raised their price target for the stock from C$28.00 to C$30.00 in a research note on Wednesday, December 4th. BMO Capital Markets boosted their price objective on shares of Aecon Group from C$27.00 to C$29.00 in a research report on Friday, December 6th. ATB Capital lifted their target price on shares of Aecon Group from C$21.00 to C$29.00 and gave the company an "outperform" rating in a research note on Monday, September 16th. Finally, Canaccord Genuity Group boosted their price target on shares of Aecon Group from C$28.00 to C$33.00 in a research report on Monday, November 4th. Six equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of C$27.53.
Read Our Latest Research Report on ARE
Aecon Group Price Performance
The company has a current ratio of 1.35, a quick ratio of 1.27 and a debt-to-equity ratio of 32.86. The company has a market cap of C$1.57 billion, a PE ratio of -93.30, a P/E/G ratio of 18.18 and a beta of 1.13. The firm has a 50 day moving average of C$27.67 and a two-hundred day moving average of C$21.58.
Aecon Group Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, January 3rd were given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 3.02%. The ex-dividend date was Tuesday, December 24th. Aecon Group's dividend payout ratio is presently -281.48%.
Aecon Group Company Profile
(
Get Free Report)
Aecon Group Inc, together with its subsidiaries, provide construction and infrastructure development services to private and public sector clients in Canada, the United States, and internationally. It operates through two segments, Construction and Concessions. The Construction segment focuses on civil infrastructure, urban transportation solutions, nuclear power infrastructure, utility infrastructure, and conventional industrial infrastructure market sectors.
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