Aecon Group Inc. (TSE:ARE) Receives C$24.91 Average Price Target from Analysts

Aecon Group Inc. (TSE:ARE) has been given a consensus rating of “Buy” by the nine brokerages that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is C$24.91.

A number of research firms have recently issued reports on ARE. BMO Capital Markets upped their price objective on Aecon Group from C$19.00 to C$22.00 in a report on Tuesday, July 22nd. Stifel Nicolaus increased their target price on Aecon Group from C$19.00 to C$24.00 and gave the company a “hold” rating in a report on Monday, October 6th. Canaccord Genuity Group increased their target price on Aecon Group from C$25.00 to C$29.00 in a report on Monday, October 6th. National Bankshares lifted their price target on Aecon Group from C$23.00 to C$26.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 24th. Finally, TD Securities boosted their price objective on Aecon Group from C$22.00 to C$23.00 and gave the company a “buy” rating in a research report on Tuesday, August 5th.

Aecon Group Price Performance

ARE opened at C$24.78 on Wednesday. The stock has a 50-day moving average price of C$22.59 and a 200-day moving average price of C$20.14. Aecon Group has a 12-month low of C$15.21 and a 12-month high of C$29.70. The company has a current ratio of 1.19, a quick ratio of 1.27 and a debt-to-equity ratio of 32.84. The stock has a market capitalization of C$1.58 billion, a P/E ratio of 59.00, a PEG ratio of 18.18 and a beta of 1.48.

Aecon Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Thursday, October 2nd were given a $0.19 dividend. The ex-dividend date was Monday, September 22nd. This represents a $0.76 annualized dividend and a yield of 3.1%. Aecon Group’s payout ratio is presently 180.95%.

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.