Aecon Group Inc. (TSE:ARE - Get Free Report) Senior Officer Timothy John Murphy acquired 5,803 shares of the stock in a transaction dated Thursday, August 8th. The stock was acquired at an average cost of C$17.66 per share, with a total value of C$102,509.41.
Aecon Group Trading Up 2.6%
ARE stock traded up C$0.51 on Thursday, hitting C$20.26. 396,147 shares of the company were exchanged, compared to its average volume of 437,113. The business's fifty day moving average is C$18.14 and its two-hundred day moving average is C$21.36. Aecon Group Inc. has a twelve month low of C$13.03 and a twelve month high of C$29.70. 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 capitalization of C$1.28 billion, a price-to-earnings ratio of -19.93, a price-to-earnings-growth ratio of 18.18 and a beta of 1.13.
Aecon Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Thursday, July 3rd will be issued a $0.19 dividend. The ex-dividend date is Monday, June 23rd. This represents a $0.76 dividend on an annualized basis and a yield of 3.75%. Aecon Group's dividend payout ratio is currently -74.76%.
Wall Street Analysts Forecast Growth
Several research firms have recently issued reports on ARE. TD Securities decreased their price objective on shares of Aecon Group from C$23.00 to C$20.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Stifel Nicolaus reduced their price objective on Aecon Group from C$16.00 to C$14.00 in a research note on Friday, April 25th. Raymond James Financial lowered their target price on Aecon Group from C$23.00 to C$21.00 in a research note on Monday, April 28th. CIBC cut their price target on Aecon Group from C$31.00 to C$24.00 in a research note on Friday, April 25th. Finally, Royal Bank Of Canada decreased their price target on Aecon Group from C$18.00 to C$17.00 in a report on Friday, April 25th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of C$22.90.
Check Out Our Latest Report on Aecon Group
Aecon Group Company Profile
(
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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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