Aecon Group (TSE:ARE) Price Target Raised to C$22.00

Aecon Group (TSE:ARE - Free Report) had its price target increased by BMO Capital Markets from C$19.00 to C$22.00 in a research note issued to investors on Tuesday morning,BayStreet.CA reports.

Other equities research analysts have also recently issued research reports about the stock. Stifel Nicolaus reduced their target price on shares of Aecon Group from C$16.00 to C$14.00 in a research note on Friday, April 25th. Raymond James Financial reduced their target price on shares of Aecon Group from C$23.00 to C$21.00 in a research note on Monday, April 28th. TD Securities reduced their target price on shares of Aecon Group from C$23.00 to C$20.00 and set a "buy" rating for the company in a research note on Friday, April 25th. National Bank Financial cut shares of Aecon Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 14th. Finally, CIBC cut their price target on shares of Aecon Group from C$31.00 to C$24.00 in a research note on Friday, April 25th. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of C$23.20.

Aecon Group Stock Down 0.2%

TSE:ARE traded down C$0.04 during trading hours on Tuesday, hitting C$19.45. 4,659 shares of the stock traded hands, compared to its average volume of 415,154. 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. The firm has a market cap of C$1.23 billion, a price-to-earnings ratio of -19.13, a PEG ratio of 18.18 and a beta of 1.13. The firm has a 50 day moving average price of C$19.69 and a 200 day moving average price of C$20.16.

Aecon Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Thursday, July 3rd were paid a $0.19 dividend. The ex-dividend date was Monday, June 23rd. This represents a $0.76 dividend on an annualized basis and a yield of 3.91%. Aecon Group's payout ratio is presently -74.76%.

Insider Buying and Selling at Aecon Group

In other news, Director Leslie Compton Kass purchased 6,325 shares of the firm's stock in a transaction dated Tuesday, June 10th. The stock was bought at an average price of C$19.44 per share, with a total value of C$122,953.83. Also, Director Scott William Thon purchased 10,500 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The stock was purchased at an average cost of C$19.21 per share, with a total value of C$201,705.00. Over the last ninety days, insiders have acquired 21,825 shares of company stock valued at $419,159. 0.82% of the stock is currently owned by insiders.

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.