Aecon Group Inc. (TSE:ARE - Get Free Report) Senior Officer Timothy John Murphy acquired 5,803 shares of the company's stock in a transaction that occurred on Thursday, August 8th. The shares were acquired at an average cost of C$17.66 per share, for a total transaction of C$102,509.41.
Aecon Group Stock Performance
Shares of Aecon Group stock traded down C$0.42 during trading on Friday, reaching C$19.78. The company's stock had a trading volume of 543,527 shares, compared to its average volume of 438,674. The company has a debt-to-equity ratio of 32.84, a quick ratio of 1.27 and a current ratio of 1.19. The business's fifty day moving average price is C$18.26 and its 200-day moving average price is C$21.15. The firm has a market cap of C$1.25 billion, a price-to-earnings ratio of -19.46, a price-to-earnings-growth ratio of 18.18 and a beta of 1.13. Aecon Group Inc. has a one year low of C$13.03 and a one year high of C$29.70.
Aecon Group Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Thursday, July 3rd will be paid a $0.19 dividend. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $0.76 annualized dividend and a dividend yield of 3.84%. Aecon Group's dividend payout ratio is currently -74.76%.
Wall Street Analysts Forecast Growth
Several analysts have recently issued reports on the company. TD Securities reduced their price objective on Aecon Group from C$23.00 to C$20.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. CIBC reduced their target price on Aecon Group from C$31.00 to C$24.00 in a research report on Friday, April 25th. BMO Capital Markets reduced their target price on Aecon Group from C$20.00 to C$19.00 in a research report on Friday, April 25th. Stifel Canada upgraded Aecon Group from a "hold" rating to a "strong-buy" rating in a research report on Thursday, April 17th. Finally, Desjardins reduced their target price on Aecon Group from C$32.00 to C$29.00 and set a "buy" rating on the stock in a research report on Friday, March 7th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of C$22.90.
Check Out Our Latest Stock Report on ARE
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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