Shares of Aecon Group Inc. (TSE:ARE - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$19.12 and traded as high as C$21.82. Aecon Group shares last traded at C$21.78, with a volume of 330,966 shares changing hands.
Analysts Set New Price Targets
Several equities research analysts have recently issued reports on the stock. TD Securities increased their target price on shares of Aecon Group from C$22.00 to C$23.00 and gave the stock a "buy" rating in a research note on Tuesday, August 5th. National Bank Financial raised Aecon Group from a "hold" rating to a "strong-buy" rating in a report on Friday, August 1st. BMO Capital Markets raised their price objective on Aecon Group from C$19.00 to C$22.00 in a report on Tuesday, July 22nd. Desjardins cut their price objective on Aecon Group from C$24.00 to C$22.00 and set a "buy" rating for the company in a research report on Tuesday, August 5th. Finally, ATB Capital decreased their target price on Aecon Group from C$30.00 to C$28.00 and set an "outperform" rating on the stock in a research report on Tuesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company. According to MarketBeat.com, Aecon Group currently has an average rating of "Buy" and a consensus target price of C$22.70.
Get Our Latest Report on ARE
Aecon Group Stock Performance
The firm's 50-day moving average price is C$20.18 and its two-hundred day moving average price is C$19.12. 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 stock has a market cap of C$1.39 billion, a price-to-earnings ratio of 51.86, a PEG ratio of 18.18 and a beta of 1.49.
Aecon Group Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Investors 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 dividend on an annualized basis and a dividend yield of 3.5%. Aecon Group's payout ratio is 180.95%.
About Aecon Group
(
Get Free Report)
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.
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