Shares of Aecon Group Inc. (TSE:ARE - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$19.15 and traded as high as C$23.92. Aecon Group shares last traded at C$23.76, with a volume of 233,109 shares traded.
Wall Street Analysts Forecast Growth
Several analysts have weighed in on ARE shares. TD Securities boosted their price target on Aecon Group from C$22.00 to C$23.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. BMO Capital Markets boosted their price target on Aecon Group from C$19.00 to C$22.00 in a research note on Tuesday, July 22nd. ATB Capital dropped their price target on Aecon Group from C$30.00 to C$28.00 and set an "outperform" rating on the stock 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. Finally, Desjardins decreased their price objective on Aecon Group from C$24.00 to C$22.00 and set a "buy" rating for the company in a report on Tuesday, August 5th. Two analysts have rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of C$22.70.
View Our Latest Research Report on ARE
Aecon Group Stock 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 has a market cap of C$1.51 billion, a price-to-earnings ratio of 56.57, a PEG ratio of 18.18 and a beta of 1.49. The firm has a fifty day moving average of C$20.56 and a 200 day moving average of C$19.15.
Aecon Group Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, October 2nd will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Monday, September 22nd. Aecon Group's dividend payout ratio (DPR) is currently 180.95%.
Aecon Group Company Profile
(
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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