Aecon Group Inc. (TSE:ARE - Get Free Report) Director Scott William Thon purchased 10,500 shares of the company's stock in a transaction that occurred on Tuesday, June 3rd. The shares were purchased at an average cost of C$19.21 per share, for a total transaction of C$201,705.00.
Aecon Group Stock Performance
TSE ARE traded up C$0.21 on Friday, reaching C$19.29. The stock had a trading volume of 129,481 shares, compared to its average volume of 446,771. 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 firm has a fifty day moving average of C$17.75 and a two-hundred day moving average of C$21.80. Aecon Group Inc. has a 1-year low of C$13.03 and a 1-year high of C$29.70. The company has a market cap of C$1.22 billion, a P/E ratio of -18.98, a price-to-earnings-growth ratio of 18.18 and a beta of 1.13.
Aecon Group Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, April 2nd were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 3.94%. The ex-dividend date was Friday, March 21st. Aecon Group's dividend payout ratio (DPR) is -74.76%.
Analyst Ratings Changes
ARE has been the subject of several research reports. National Bankshares raised shares of Aecon Group from a "sector perform" rating to an "outperform" rating in a report on Monday, March 10th. CIBC cut 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 Nicolaus cut their price target on shares of Aecon Group from C$16.00 to C$14.00 in a report on Friday, April 25th. BMO Capital Markets dropped their price objective on shares of Aecon Group from C$20.00 to C$19.00 in a research note on Friday, April 25th. Finally, Stifel Canada upgraded shares of Aecon Group from a "hold" rating to a "strong-buy" rating in a research note on Thursday, April 17th. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of C$22.90.
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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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