Aecon Group Inc. (TSE:ARE) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Aecon Group Inc. (TSE:ARE) have received an average rating of “Moderate Buy” from the thirteen brokerages that are currently covering the firm, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is C$25.25.

A number of equities research analysts have weighed in on the company. Royal Bank of Canada reduced their price objective on Aecon Group from C$27.00 to C$20.00 in a research note on Monday, March 10th. Stifel Nicolaus downgraded shares of Aecon Group from a “buy” rating to a “hold” rating and reduced their price target for the company from C$31.00 to C$19.00 in a research report on Friday, March 7th. National Bankshares raised shares of Aecon Group from a “sector perform” rating to an “outperform” rating in a research report on Monday, March 10th. Desjardins dropped their price objective on shares of Aecon Group from C$32.00 to C$29.00 and set a “buy” rating on the stock in a research note on Friday, March 7th. Finally, Raymond James lowered 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 report on Friday, March 7th.

Aecon Group Stock Down 2.8 %

ARE opened at C$16.67 on Friday. Aecon Group has a one year low of C$13.03 and a one year high of C$29.70. 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 stock has a market capitalization of C$1.05 billion, a P/E ratio of -16.40, a price-to-earnings-growth ratio of 18.18 and a beta of 1.13. The business’s 50-day simple moving average is C$20.96 and its 200-day simple moving average is C$23.74.

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 given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 4.56%. The ex-dividend date was Friday, March 21st. Aecon Group’s payout ratio is -74.76%.

Insider Buying and Selling at Aecon Group

In related news, Director Stuart Lee bought 5,700 shares of the company’s stock in a transaction on Monday, March 10th. The stock was bought at an average cost of C$18.35 per share, with a total value of C$104,595.00. 0.82% of the stock is owned by corporate insiders.

Aecon Group Company Profile

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.