Brokerages Set Aecon Group Inc. (TSE:ARE) Target Price at C$22.90

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

A number of analysts have recently commented on the company. CIBC cut their price target on Aecon Group from C$31.00 to C$24.00 in a research note on Friday, April 25th. Raymond James cut their target price on shares of Aecon Group from C$23.00 to C$21.00 in a research report on Monday, April 28th. National Bank Financial raised shares of Aecon Group from a "hold" rating to a "strong-buy" rating in a report on Sunday, March 9th. Stifel Nicolaus decreased their price target on shares of Aecon Group from C$16.00 to C$14.00 in a research report on Friday, April 25th. Finally, TD Securities cut their price target on shares of Aecon Group from C$23.00 to C$20.00 and set a "buy" rating on the stock in a report on Friday, April 25th.

Insider Buying and Selling at Aecon Group

In related news, Director Leslie Compton Kass bought 6,325 shares of the company's stock in a transaction that occurred on 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. Also, Director Deborah Susan Stein bought 5,000 shares of the business's stock in a transaction that occurred on Wednesday, June 4th. The shares were bought at an average cost of C$18.90 per share, for a total transaction of C$94,500.00. Over the last quarter, insiders have bought 21,825 shares of company stock valued at $419,159. 0.82% of the stock is currently owned by insiders.

Aecon Group Price Performance

Aecon Group stock traded up C$0.18 during mid-day trading on Thursday, reaching C$19.47. The company had a trading volume of 241,499 shares, compared to its average volume of 439,041. The business has a fifty day simple moving average of C$17.88 and a 200 day simple moving average of C$21.69. The company has a market cap of C$1.23 billion, a P/E ratio of -19.15, a P/E/G ratio of 18.18 and a beta of 1.13. Aecon Group has a fifty-two week low of C$13.03 and a fifty-two week high of C$29.70. The company has a current ratio of 1.19, a quick ratio of 1.27 and a debt-to-equity ratio of 32.84.

Aecon Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, April 2nd were issued a $0.19 dividend. The ex-dividend date was Friday, March 21st. This represents a $0.76 annualized dividend and a yield of 3.90%. Aecon Group's payout ratio is -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.