Aecon Group Inc. (TSE:ARE) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Aecon Group Inc. (TSE:ARE) have received an average recommendation of “Moderate Buy” from the thirteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$25.07.

A number of brokerages recently issued reports on ARE. Stifel Canada raised Aecon Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 17th. Raymond James raised Aecon Group from a “market perform” rating to an “outperform” rating and set a C$23.00 price target for the company in a research note on Tuesday. BMO Capital Markets lowered their price target on Aecon Group from C$29.00 to C$24.00 in a report on Friday, March 7th. National Bank Financial upgraded shares of Aecon Group from a “hold” rating to a “strong-buy” rating in a research report on Sunday, March 9th. Finally, Stifel Nicolaus lowered their target price on shares of Aecon Group from C$19.00 to C$16.00 and set a “buy” rating on the stock in a research note on Thursday, April 17th.

Insider Buying and Selling

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

Aecon Group Trading Up 0.6 %

Aecon Group stock opened at C$17.07 on Wednesday. Aecon Group has a 52-week low of C$13.03 and a 52-week high of C$29.70. The company has a quick ratio of 1.27, a current ratio of 1.19 and a debt-to-equity ratio of 32.84. The firm has a market capitalization of C$1.08 billion, a price-to-earnings ratio of -16.79, a PEG ratio of 18.18 and a beta of 1.13. The firm has a 50-day moving average price of C$18.94 and a two-hundred day moving average price of C$23.41.

Aecon Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, April 2nd were issued a dividend of $0.19 per share. The ex-dividend date was Friday, March 21st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.45%. Aecon Group’s dividend payout ratio is currently -74.76%.

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.