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

Shares of Aecon Group Inc. (TSE:ARE - Get Free Report) have earned a consensus recommendation of "Buy" from the eleven analysts that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation, eight have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is C$22.90.

A number of research analysts have recently commented on the company. National Bankshares upgraded Aecon Group from a "sector perform" rating to an "outperform" rating in a research note on Monday, March 10th. Stifel Canada upgraded Aecon Group from a "hold" rating to a "strong-buy" rating in a research note on Thursday, April 17th. Raymond James Financial lowered their target price on Aecon Group from C$23.00 to C$21.00 in a research note on Monday, April 28th. Stifel Nicolaus lowered their target price on Aecon Group from C$16.00 to C$14.00 in a research note on Friday, April 25th. Finally, BMO Capital Markets lowered their target price on Aecon Group from C$20.00 to C$19.00 in a research note on Friday, April 25th.

Insider Transactions at Aecon Group

In other news, Director Deborah Susan Stein purchased 5,000 shares of the business's stock in a transaction on Wednesday, June 4th. The stock was acquired at an average cost of C$18.90 per share, for a total transaction of C$94,500.00. Also, Director Scott William Thon acquired 10,500 shares of the company's stock in a transaction that occurred on Tuesday, June 3rd. The stock was acquired at an average cost of C$19.21 per share, for a total transaction of C$201,705.00. Insiders acquired 21,825 shares of company stock worth $419,159 over the last quarter. 0.82% of the stock is currently owned by insiders.

Aecon Group Trading Up 0.3%

Shares of ARE stock traded up C$0.07 during trading hours on Monday, reaching C$20.54. The company's stock had a trading volume of 371,454 shares, compared to its average volume of 429,655. The stock has a market capitalization of C$1.30 billion, a P/E ratio of -20.21, a P/E/G ratio of 18.18 and a beta of 1.13. The company has a current ratio of 1.19, a quick ratio of 1.27 and a debt-to-equity ratio of 32.84. The firm's fifty day simple moving average is C$19.05 and its 200 day simple moving average is C$20.64. Aecon Group has a one year low of C$13.03 and a one year high of C$29.70.

Aecon Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Thursday, July 3rd were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 3.70%. The ex-dividend date was Monday, June 23rd. Aecon Group's dividend payout ratio is currently -74.76%.

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.