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

Shares of Aecon Group Inc. (TSE:ARE) have been given a consensus recommendation of “Buy” by the twelve ratings firms that are presently covering the company, MarketBeat Ratings reports. Two investment 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 twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$22.90.

Several equities analysts have recently weighed in on ARE shares. National Bankshares raised shares of Aecon Group from a “sector perform” rating to an “outperform” rating in a research report on Monday, March 10th. Stifel Canada upgraded shares of Aecon Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 17th. BMO Capital Markets reduced their price objective on Aecon Group from C$20.00 to C$19.00 in a report on Friday, April 25th. Stifel Nicolaus decreased their target price on Aecon Group from C$16.00 to C$14.00 in a research report on Friday, April 25th. Finally, Desjardins dropped their price target on Aecon Group from C$32.00 to C$29.00 and set a “buy” rating for the company in a report on Friday, March 7th.

Aecon Group Stock Up 3.1%

Aecon Group stock opened at C$19.32 on Friday. The company has a debt-to-equity ratio of 32.84, a current ratio of 1.19 and a quick ratio of 1.27. The company’s 50-day moving average is C$17.33 and its 200-day moving average is C$22.80. The firm has a market capitalization of C$1.22 billion, a PE ratio of -19.01, a P/E/G ratio of 18.18 and a beta of 1.13. Aecon Group has a fifty-two week low of C$13.03 and a fifty-two week high of C$29.70.

Aecon Group Dividend Announcement

The business also recently disclosed 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 of this dividend was Friday, March 21st. This represents a $0.76 annualized dividend and a yield of 3.93%. Aecon Group’s dividend payout ratio is presently -74.76%.

Insider Activity

In other news, Director Stuart Lee acquired 5,700 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The shares were acquired at an average cost of C$18.35 per share, with a total value of C$104,595.00. Corporate insiders own 0.82% of the company’s stock.

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.