Aecon Group Inc. (TSE:ARE) Given Consensus Recommendation of "Buy" by Brokerages

Shares of Aecon Group Inc. (TSE:ARE - Get Free Report) have earned an average rating of "Buy" from the twelve analysts that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is C$22.90.

ARE has been the topic of several research analyst reports. TD Securities cut their target price on Aecon Group from C$23.00 to C$20.00 and set a "buy" rating on the stock in a research report on Friday. CIBC cut their price target on Aecon Group from C$31.00 to C$24.00 in a research report on Friday. Stifel Canada raised Aecon Group from a "hold" rating to a "strong-buy" rating in a research report on Thursday, April 17th. BMO Capital Markets cut their price target on Aecon Group from C$20.00 to C$19.00 in a research report on Friday. Finally, Desjardins cut their price target on Aecon Group from C$32.00 to C$29.00 and set a "buy" rating on the stock in a research report on Friday, March 7th.

Aecon Group Stock Up 3.2 %

Shares of TSE ARE traded up C$0.50 during midday trading on Wednesday, hitting C$15.90. 492,618 shares of the company's stock were exchanged, compared to its average volume of 489,162. The company has a debt-to-equity ratio of 32.84, a current ratio of 1.19 and a quick ratio of 1.27. Aecon Group has a twelve month low of C$13.03 and a twelve month high of C$29.70. The company has a market cap of C$1.01 billion, a PE ratio of -15.64, a P/E/G ratio of 18.18 and a beta of 1.13. The firm's fifty day simple moving average is C$18.36 and its 200-day simple moving average is C$23.26.

Aecon Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, April 2nd were paid a $0.19 dividend. 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 4.78%. Aecon Group's dividend payout ratio (DPR) is presently -74.76%.

Insider Activity at Aecon Group

In other news, Director Stuart Lee bought 5,700 shares of the firm's stock in a transaction on Monday, March 10th. The shares were bought at an average cost of C$18.35 per share, for a total transaction of C$104,595.00. Company insiders own 0.82% of the company's stock.

Aecon Group Company Profile

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.