Aecon Group Inc. (TSE:ARE) Receives Average Rating of "Buy" from Brokerages

Shares of Aecon Group Inc. (TSE:ARE - Get Free Report) have been assigned a consensus rating of "Buy" from the twelve ratings firms that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is C$22.90.

A number of brokerages have weighed in on ARE. Desjardins decreased their target price on Aecon Group from C$32.00 to C$29.00 and set a "buy" rating for the company in a research report on Friday, March 7th. Royal Bank of Canada cut their price target on Aecon Group from C$18.00 to C$17.00 in a research note on Friday, April 25th. Stifel Nicolaus lowered their price objective on shares of Aecon Group from C$16.00 to C$14.00 in a research note on Friday, April 25th. BMO Capital Markets dropped their target price on shares of Aecon Group from C$20.00 to C$19.00 in a report on Friday, April 25th. Finally, CIBC cut their target price on shares of Aecon Group from C$31.00 to C$24.00 in a research report on Friday, April 25th.

Aecon Group Trading Down 1.0%

Shares of TSE:ARE traded down C$0.19 during trading on Thursday, reaching C$19.28. 343,003 shares of the company were exchanged, compared to its average volume of 438,198. The business's fifty day simple moving average is C$18.00 and its 200-day simple moving average is C$21.51. 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 12-month low of C$13.03 and a 12-month high of C$29.70. The firm has a market capitalization of C$1.22 billion, a PE ratio of -18.97, a P/E/G ratio of 18.18 and a beta of 1.13.

Aecon Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Thursday, July 3rd will be paid a dividend of $0.19 per share. The ex-dividend date is Monday, June 23rd. This represents a $0.76 annualized dividend and a dividend yield of 3.94%. Aecon Group's dividend payout ratio (DPR) is presently -74.76%.

Insider Buying and Selling at Aecon Group

In other Aecon Group news, Director Deborah Susan Stein purchased 5,000 shares of the company's stock in a transaction dated Wednesday, June 4th. The shares were acquired at an average price of C$18.90 per share, for a total transaction of C$94,500.00. Also, Director Leslie Compton Kass acquired 6,325 shares of the business's stock in a transaction dated Tuesday, June 10th. The shares were bought at an average price of C$19.44 per share, for a total transaction of C$122,953.83. Insiders bought a total of 21,825 shares of company stock worth $419,159 over the last three months. Corporate insiders own 0.82% of the company's stock.

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.