Stuart Lee Buys 5,700 Shares of Aecon Group Inc. (TSE:ARE) Stock

Aecon Group Inc. (TSE:ARE) Director Stuart Lee acquired 5,700 shares of the company’s stock in a transaction dated Monday, March 10th. The stock was acquired at an average price of C$18.35 per share, with a total value of C$104,595.00.

Aecon Group Stock Performance

Shares of TSE:ARE opened at C$18.05 on Wednesday. The business has a fifty day moving average of C$24.01 and a 200-day moving average of C$23.93. The company has a debt-to-equity ratio of 32.84, a quick ratio of 1.27 and a current ratio of 1.19. Aecon Group Inc. has a twelve month low of C$13.03 and a twelve month high of C$29.70. The firm has a market cap of C$1.14 billion, a PE ratio of -17.76, a price-to-earnings-growth ratio of 18.18 and a beta of 1.13.

Aecon Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, January 3rd were given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 4.21%. The ex-dividend date of this dividend was Tuesday, December 24th. Aecon Group’s payout ratio is presently -74.76%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. National Bank Financial raised shares of Aecon Group from a “hold” rating to a “strong-buy” rating in a research report on Sunday. TD Securities dropped their target price on Aecon Group from C$35.00 to C$30.00 and set a “buy” rating for the company in a report on Friday, March 7th. Raymond James decreased their price target on Aecon Group from C$28.00 to C$23.00 and set a “market perform” rating on the stock in a research note on Friday, March 7th. CIBC dropped their price objective on Aecon Group from C$33.00 to C$30.00 in a research note on Friday, March 7th. Finally, BMO Capital Markets reduced their target price on shares of Aecon Group from C$29.00 to C$24.00 in a research note on Friday, March 7th. Six equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Aecon Group presently has an average rating of “Moderate Buy” and a consensus target price of C$25.25.

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.