Aecon Group Inc. (TSE:ARE - Get Free Report) Director Leslie Compton Kass purchased 6,325 shares of the company's stock in a transaction that occurred on Tuesday, June 10th. The shares were acquired at an average price of C$19.44 per share, for a total transaction of C$122,953.83.
Aecon Group Price Performance
Shares of ARE traded up C$0.13 during midday trading on Wednesday, hitting C$19.29. 144,357 shares of the company traded hands, compared to its average volume of 440,805. Aecon Group Inc. has a one year low of C$13.03 and a one year high of C$29.70. The firm has a market cap of C$1.22 billion, a P/E ratio of -18.98, a PEG ratio of 18.18 and a beta of 1.13. The company has a debt-to-equity ratio of 32.84, a current ratio of 1.19 and a quick ratio of 1.27. The stock has a 50-day moving average of C$17.83 and a 200-day moving average of C$21.71.
Aecon Group Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, April 2nd were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Friday, March 21st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.94%. Aecon Group's dividend payout ratio (DPR) is currently -74.76%.
Analysts Set New Price Targets
Several brokerages have commented on ARE. National Bank Financial raised shares of Aecon Group from a "hold" rating to a "strong-buy" rating in a research report on Sunday, March 9th. Desjardins lowered their price target on shares of Aecon Group from C$32.00 to C$29.00 and set a "buy" rating on the stock in a report on Friday, March 7th. BMO Capital Markets dropped their price objective on Aecon Group from C$20.00 to C$19.00 in a research note on Friday, April 25th. Stifel Canada raised Aecon Group from a "hold" rating to a "strong-buy" rating in a research report on Thursday, April 17th. Finally, Royal Bank of Canada dropped their price target on Aecon Group from C$18.00 to C$17.00 in a research report on Friday, April 25th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of C$22.90.
View Our Latest Research Report on ARE
Aecon Group Company Profile
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Aecon Group Inc is a Canada-based company that operates in two segments: Construction and Concessions. The Construction segment includes various aspects of the construction of public and private infrastructure projects, mainly in the transportation sector. Its concessions segment is engaged in the development, financing, construction, and operation of infrastructure projects.
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