Scott William Thon Purchases 10,500 Shares of Aecon Group Inc. (TSE:ARE) Stock

Aecon Group Inc. (TSE:ARE) Director Scott William Thon bought 10,500 shares of the company’s stock in a transaction dated Tuesday, June 3rd. The stock was purchased at an average price of C$19.21 per share, for a total transaction of C$201,705.00.

Aecon Group Stock Performance

Shares of TSE ARE opened at C$19.29 on Friday. 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 company has a market cap of C$1.22 billion, a P/E ratio of -18.98, a P/E/G ratio of 18.18 and a beta of 1.13. The firm’s fifty day moving average is C$17.75 and its two-hundred day moving average is C$21.89. Aecon Group Inc. has a 52-week low of C$13.03 and a 52-week high of C$29.70.

Aecon Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, April 2nd were issued a $0.19 dividend. The ex-dividend date was Friday, March 21st. This represents a $0.76 dividend on an annualized basis and a yield of 3.94%. Aecon Group’s dividend payout ratio is currently -74.76%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. CIBC reduced their target price on shares of Aecon Group from C$31.00 to C$24.00 in a report on Friday, April 25th. Royal Bank of Canada reduced their price objective on shares of Aecon Group from C$18.00 to C$17.00 in a research note on Friday, April 25th. National Bankshares raised shares of Aecon Group from a “sector perform” rating to an “outperform” rating in a research note on Monday, March 10th. Desjardins reduced their price objective on shares of Aecon Group from C$32.00 to C$29.00 and set a “buy” rating for the company in a research note on Friday, March 7th. Finally, Stifel Canada raised shares of Aecon Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 17th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Aecon Group presently has a consensus rating of “Buy” and an average target price of C$22.90.

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.