Aecon Group Inc. (TSE:ARE - Get Free Report)'s share price rose 4.1% during trading on Friday . The company traded as high as C$24.63 and last traded at C$24.14. Approximately 132,222 shares were traded during trading, a decline of 54% from the average daily volume of 286,386 shares. The stock had previously closed at C$23.19.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on ARE shares. BMO Capital Markets lowered their price objective on Aecon Group from C$17.50 to C$16.50 in a research report on Wednesday, July 24th. Stifel Canada upgraded shares of Aecon Group from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 25th. TD Securities lowered their target price on shares of Aecon Group from C$17.00 to C$16.00 and set a "hold" rating for the company in a report on Friday, July 26th. Canaccord Genuity Group increased their price target on shares of Aecon Group from C$25.00 to C$28.00 and gave the stock a "buy" rating in a research note on Monday, September 23rd. Finally, National Bankshares upgraded shares of Aecon Group from a "sector perform" rating to an "outperform" rating and lifted their price target for the company from C$17.00 to C$20.50 in a report on Monday, July 29th. Five equities research analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of C$22.07.
Check Out Our Latest Stock Report on ARE
Aecon Group Price Performance
The company has a market capitalization of C$1.72 billion, a P/E ratio of -93.93, a price-to-earnings-growth ratio of 18.18 and a beta of 1.13. The company has a debt-to-equity ratio of 32.86, a current ratio of 1.35 and a quick ratio of 1.27. The company has a fifty day moving average price of C$20.43 and a 200 day moving average price of C$17.79.
Aecon Group Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Investors of record on Wednesday, October 2nd were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Friday, September 20th. This represents a $0.76 annualized dividend and a yield of 2.76%. Aecon Group's payout ratio is -281.48%.
Insider Activity
In other Aecon Group news, Senior Officer Timothy John Murphy purchased 4,244 shares of the business's stock in a transaction on Thursday, August 8th. The stock was bought at an average cost of C$17.66 per share, with a total value of C$74,969.84. 0.82% of the stock is owned by insiders.
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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