Aecon Group (TSE:ARE) Share Price Crosses Above 200 Day Moving Average - Time to Sell?

Aecon Group Inc. (TSE:ARE - Get Free Report)'s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$20.46 and traded as high as C$20.68. Aecon Group shares last traded at C$20.66, with a volume of 327,062 shares changing hands.

Analysts Set New Price Targets

Several research firms have recently commented on ARE. Stifel Canada upgraded shares of Aecon Group from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 17th. TD Securities lowered 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. Stifel Nicolaus decreased their price objective on shares of Aecon Group from C$16.00 to C$14.00 in a report on Friday, April 25th. National Bank Financial cut shares of Aecon Group from a "strong-buy" rating to a "hold" rating in a report on Monday. Finally, Raymond James Financial decreased their price objective on shares of Aecon Group from C$23.00 to C$21.00 in a report on Monday, April 28th. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of C$22.90.

Aecon Group Price Performance

The company has a debt-to-equity ratio of 32.84, a current ratio of 1.19 and a quick ratio of 1.27. The stock's fifty day simple moving average is C$19.59 and its 200-day simple moving average is C$20.36. The company has a market capitalization of C$1.27 billion, a P/E ratio of -19.80, a PEG ratio of 18.18 and a beta of 1.13.

Aecon Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Thursday, July 3rd were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date of this dividend was Monday, June 23rd. Aecon Group's dividend payout ratio is currently -74.76%.

Insider Activity

In related news, Director Deborah Susan Stein acquired 5,000 shares of the business's stock in a transaction dated Wednesday, June 4th. The stock was acquired at an average price of C$18.90 per share, with a total value 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 cost of C$19.44 per share, with a total value of C$122,953.83. Over the last 90 days, insiders purchased 21,825 shares of company stock valued at $419,159. 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.