Aecon Group (TSE:ARE) Reaches New 12-Month High After Analyst Upgrade

Shares of Aecon Group Inc. (TSE:AREGet Free Report) reached a new 52-week high during trading on Thursday after Raymond James raised their price target on the stock from C$16.00 to C$24.00. Raymond James currently has a market perform rating on the stock. Aecon Group traded as high as C$23.24 and last traded at C$23.14, with a volume of 85710 shares changing hands. The stock had previously closed at C$23.06.

ARE has been the topic of several other reports. ATB Capital increased their price objective on shares of Aecon Group from C$21.00 to C$29.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Royal Bank of Canada raised their price target on shares of Aecon Group from C$13.00 to C$17.00 and gave the company a “sector perform” rating in a research report on Monday, July 29th. National Bankshares raised Aecon Group from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from C$17.00 to C$20.50 in a research report on Monday, July 29th. Canaccord Genuity Group increased their target price on Aecon Group from C$25.00 to C$28.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. Finally, Stifel Nicolaus boosted their price target on Aecon Group from C$30.00 to C$31.00 in a research note on Friday, October 4th. Five analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$22.07.

View Our Latest Report on Aecon Group

Insider Buying and Selling at Aecon Group

In related news, Senior Officer Timothy John Murphy purchased 4,244 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were acquired at an average price of C$17.66 per share, for a total transaction of C$74,969.84. Insiders own 0.82% of the company’s stock.

Aecon Group Trading Up 0.8 %

The stock has a fifty day moving average price of C$20.32 and a 200 day moving average price of C$17.75. The stock has a market cap of C$1.45 billion, a PE ratio of -85.33, a PEG ratio of 18.18 and a beta of 1.13. The company has a debt-to-equity ratio of 32.86, a quick ratio of 1.27 and a current ratio of 1.35.

Aecon Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Wednesday, October 2nd were given a dividend of $0.19 per share. The ex-dividend date was Friday, September 20th. This represents a $0.76 annualized dividend and a dividend yield of 3.27%. Aecon Group’s dividend payout ratio (DPR) is presently -281.48%.

Aecon Group Company Profile

(Get Free Report)

Aecon Group Inc, together with its subsidiaries, provide construction and infrastructure development services to private and public sector clients in Canada, the United States, and internationally. It operates through two segments, Construction and Concessions. The Construction segment focuses on civil infrastructure, urban transportation solutions, nuclear power infrastructure, utility infrastructure, and conventional industrial infrastructure market sectors.

Featured Stories

Receive News & Ratings for Aecon Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aecon Group and related companies with MarketBeat.com's FREE daily email newsletter.