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$18.52 and traded as high as C$28.22. Aecon Group shares last traded at C$27.99, with a volume of 145,659 shares traded.
Analyst Ratings Changes
A number of brokerages recently issued reports on ARE. Royal Bank of Canada increased their price objective on Aecon Group from C$13.00 to C$17.00 and gave the stock a "sector perform" rating in a research report on Monday, July 29th. Stifel Canada raised shares of Aecon Group from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 25th. Stifel Nicolaus raised their price target on Aecon Group from C$30.00 to C$31.00 in a research report on Friday, October 4th. Canaccord Genuity Group upped their price objective on Aecon Group from C$28.00 to C$33.00 in a report on Monday, November 4th. Finally, BMO Capital Markets raised their price objective on Aecon Group from C$16.50 to C$27.00 in a report on Monday, November 4th. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of C$25.94.
Check Out Our Latest Report on Aecon Group
Aecon Group Stock Performance
The company has a market cap of C$1.82 billion, a PE ratio of -103.67, a PEG ratio of 18.18 and a beta of 1.13. The company has a debt-to-equity ratio of 32.86, a quick ratio of 1.27 and a current ratio of 1.35. The firm's 50 day moving average is C$22.25 and its 200-day moving average is C$18.52.
Aecon Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 2nd. Investors of record on Wednesday, October 2nd were issued a $0.19 dividend. The ex-dividend date was Friday, September 20th. This represents a $0.76 annualized dividend and a dividend yield of 2.61%. Aecon Group's dividend payout ratio is presently -281.48%.
About Aecon Group
(
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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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