Insider Buying: Aecon Group Inc. (TSE:ARE) Director Buys 10,500 Shares of Stock

Aecon Group Inc. (TSE:ARE - Get Free Report) Director Scott William Thon acquired 10,500 shares of the stock in a transaction on Tuesday, June 3rd. The shares were acquired at an average price of C$19.21 per share, with a total value of C$201,705.00.

Aecon Group Trading Up 1.3%

ARE stock traded up C$0.24 during trading on Thursday, hitting C$19.08. The company had a trading volume of 157,793 shares, compared to its average volume of 449,708. The firm has a market capitalization of C$1.21 billion, a P/E ratio of -18.77, a PEG ratio of 18.18 and a beta of 1.13. Aecon Group Inc. has a 52-week low of C$13.03 and a 52-week high of C$29.70. The company has a 50 day simple moving average of C$17.71 and a 200-day simple moving average of C$21.96. The company has a quick ratio of 1.27, a current ratio of 1.19 and a debt-to-equity ratio of 32.84.

Aecon Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, April 2nd were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 3.98%. The ex-dividend date was Friday, March 21st. Aecon Group's dividend payout ratio is presently -74.76%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. National Bank Financial upgraded shares of Aecon Group from a "hold" rating to a "strong-buy" rating in a research report on Sunday, March 9th. CIBC reduced their target price on shares of Aecon Group from C$31.00 to C$24.00 in a research note on Friday, April 25th. Stifel Canada raised shares of Aecon Group from a "hold" rating to a "strong-buy" rating in a research note on Thursday, April 17th. National Bankshares raised shares of Aecon Group from a "sector perform" rating to an "outperform" rating in a research note on Monday, March 10th. Finally, Raymond James 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. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of C$22.90.

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.