Aecon Group Inc. (TSE:ARE) Given Average Rating of "Moderate Buy" by Analysts

Shares of Aecon Group Inc. (TSE:ARE - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the thirteen research firms that are currently covering the company, Marketbeat reports. Five analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is C$22.07.

A number of analysts have weighed in on the stock. Canaccord Genuity Group increased their target price on shares of Aecon Group from C$25.00 to C$28.00 and gave the company a "buy" rating in a research report on Monday, September 23rd. National Bank Financial upgraded shares of Aecon Group from a "hold" rating to a "strong-buy" rating in a research report on Sunday, July 28th. National Bankshares upgraded shares of Aecon Group from a "sector perform" rating to an "outperform" rating and boosted their target price for the company from C$17.00 to C$20.50 in a report on Monday, July 29th. ATB Capital upped their price target on shares of Aecon Group from C$21.00 to C$29.00 and gave the company an "outperform" rating in a research report on Monday, September 16th. Finally, TD Securities lowered their price objective on Aecon Group from C$17.00 to C$16.00 and set a "hold" rating for the company in a research report on Friday, July 26th.

Aecon Group Trading Up 0.4 %

Shares of ARE stock traded up C$0.10 on Wednesday, hitting C$23.06. The company had a trading volume of 155,386 shares, compared to its average volume of 287,930. Aecon Group has a twelve month low of C$9.74 and a twelve month high of C$23.20. 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 has a market cap of C$1.44 billion, a P/E ratio of -85.37, a P/E/G ratio of 18.18 and a beta of 1.13. The stock's 50-day moving average is C$20.21 and its two-hundred day moving average is C$17.71.

Aecon Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Wednesday, October 2nd were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Friday, September 20th. This represents a $0.76 dividend on an annualized basis and a yield of 3.30%. Aecon Group's dividend payout ratio (DPR) is presently -281.48%.

Insiders Place Their Bets

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

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.