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

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

A number of equities analysts recently commented on ARE shares. TD Securities reduced their price target on Aecon Group from C$23.00 to C$20.00 and set a "buy" rating for the company in a report on Friday, April 25th. Stifel Canada upgraded Aecon Group from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 17th. Raymond James Financial reduced their price objective on Aecon Group from C$23.00 to C$21.00 in a report on Monday, April 28th. Stifel Nicolaus reduced their price objective on Aecon Group from C$16.00 to C$14.00 in a report on Friday, April 25th. Finally, Royal Bank Of Canada reduced their price objective on Aecon Group from C$18.00 to C$17.00 in a report on Friday, April 25th.

Insider Buying and Selling at Aecon Group

In related news, Director Leslie Compton Kass acquired 6,325 shares of the company's stock in a transaction on Tuesday, June 10th. The stock was purchased at an average cost of C$19.44 per share, with a total value of C$122,953.83. Also, Director Deborah Susan Stein acquired 5,000 shares of the company's stock in a transaction on Wednesday, June 4th. The stock was bought at an average cost of C$18.90 per share, with a total value of C$94,500.00. Insiders purchased 21,825 shares of company stock valued at $419,159 in the last three months. Corporate insiders own 0.82% of the company's stock.

Aecon Group Stock Performance

Aecon Group stock traded down C$0.17 during midday trading on Monday, reaching C$20.87. 168,837 shares of the company's stock were exchanged, compared to its average volume of 427,088. Aecon Group has a 52 week low of C$13.03 and a 52 week high of C$29.70. The company has a debt-to-equity ratio of 32.84, a quick ratio of 1.27 and a current ratio of 1.19. The firm has a market cap of C$1.32 billion, a price-to-earnings ratio of -20.53, a P/E/G ratio of 18.18 and a beta of 1.13. The stock's 50-day simple moving average is C$19.32 and its 200 day simple moving average is C$20.60.

Aecon Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Thursday, July 3rd were issued a $0.19 dividend. The ex-dividend date was Monday, June 23rd. This represents a $0.76 annualized dividend and a yield of 3.64%. Aecon Group's dividend payout ratio is presently -74.76%.

About Aecon Group

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.