Aecon Group (TSE:ARE - Free Report) had its target price decreased by Raymond James from C$23.00 to C$21.00 in a research report released on Monday morning,BayStreet.CA reports.
A number of other research firms have also recently commented on ARE. Royal Bank of Canada reduced their target price on Aecon Group from C$18.00 to C$17.00 in a research note on Friday, April 25th. BMO Capital Markets reduced their target price on Aecon Group from C$20.00 to C$19.00 in a report on Friday, April 25th. National Bankshares raised Aecon Group from a "sector perform" rating to an "outperform" rating in a report on Monday, March 10th. Stifel Canada upgraded Aecon Group from a "hold" rating to a "strong-buy" rating in a research note on Thursday, April 17th. Finally, Stifel Nicolaus decreased their target price on shares of Aecon Group from C$16.00 to C$14.00 in a research report on Friday, April 25th. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Aecon Group presently has an average rating of "Buy" and an average target price of C$22.90.
View Our Latest Stock Report on ARE
Aecon Group Price Performance
TSE:ARE traded up C$0.40 during mid-day trading on Monday, hitting C$16.54. 79,164 shares of the stock traded hands, compared to its average volume of 478,834. The company has a market cap of C$1.05 billion, a PE ratio of -16.27, a price-to-earnings-growth ratio of 18.18 and a beta of 1.13. The company has a quick ratio of 1.27, a current ratio of 1.19 and a debt-to-equity ratio of 32.84. The business's 50-day moving average price is C$18.08 and its 200 day moving average price is C$23.18. Aecon Group has a 12-month low of C$13.03 and a 12-month high of C$29.70.
Aecon Group Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, April 2nd were given a $0.19 dividend. The ex-dividend date was Friday, March 21st. This represents a $0.76 annualized dividend and a dividend yield of 4.59%. Aecon Group's dividend payout ratio is presently -74.76%.
Insiders Place Their Bets
In related news, Director Stuart Lee acquired 5,700 shares of the business's stock in a transaction that occurred on Monday, March 10th. The stock was purchased at an average cost of C$18.35 per share, for a total transaction of C$104,595.00. 0.82% of the stock is currently owned by company insiders.
About Aecon Group
(
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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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