Aecon Group (TSE:ARE) Price Target Raised to C$28.00 at Raymond James

Aecon Group (TSE:ARE - Free Report) had its price objective lifted by Raymond James from C$24.00 to C$28.00 in a report published on Tuesday, BayStreet.CA reports. Raymond James also issued estimates for Aecon Group's FY2025 earnings at $1.50 EPS.

A number of other analysts have also recently issued reports on the company. Stifel Canada raised Aecon Group from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 25th. National Bank Financial raised Aecon Group from a "hold" rating to a "strong-buy" rating in a research note on Sunday, July 28th. Stifel Nicolaus increased their target price on Aecon Group from C$30.00 to C$31.00 in a research note on Friday, October 4th. ATB Capital increased their target price on Aecon Group from C$21.00 to C$29.00 and gave the stock an "outperform" rating in a research note on Monday, September 16th. Finally, Royal Bank of Canada raised their price target on shares of Aecon Group from C$13.00 to C$17.00 and gave the stock a "sector perform" rating in a research note on Monday, July 29th. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of C$25.94.

Aecon Group Trading Up 0.0 %

Shares of TSE:ARE traded up C$0.01 during mid-day trading on Tuesday, reaching C$28.60. The stock had a trading volume of 212,179 shares, compared to its average volume of 293,945. The firm has a market cap of C$1.79 billion, a PE ratio of -105.89, a price-to-earnings-growth ratio of 18.18 and a beta of 1.13. The firm has a 50 day simple moving average of C$20.83 and a two-hundred day simple moving average of C$17.95. The company has a current ratio of 1.35, a quick ratio of 1.27 and a debt-to-equity ratio of 32.86. Aecon Group has a twelve month low of C$10.30 and a twelve month high of C$28.79.

Aecon Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Wednesday, October 2nd were given a $0.19 dividend. The ex-dividend date was Friday, September 20th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.66%. Aecon Group's payout ratio is presently -281.48%.

Insider Activity

In related news, Senior Officer Timothy John Murphy purchased 4,244 shares of the company's stock in a transaction that occurred on Thursday, August 8th. The stock was acquired at an average price of C$17.66 per share, with a total value of C$74,969.84. 0.82% of the stock is currently owned by company insiders.

About Aecon Group

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.