Aecon Group Inc. (TSE:ARE) Given Average Recommendation of “Buy” by Analysts

Shares of Aecon Group Inc. (TSE:ARE) have been assigned a consensus rating of “Buy” from the eleven ratings firms that are covering the company, Marketbeat.com reports. One investment analyst has 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 12-month price objective among brokers that have updated their coverage on the stock in the last year is C$22.90.

Several equities analysts have issued reports on ARE shares. Stifel Nicolaus decreased their price objective on shares of Aecon Group from C$16.00 to C$14.00 in a research note on Friday, April 25th. CIBC decreased their price objective on shares of Aecon Group from C$31.00 to C$24.00 in a research note on Friday, April 25th. Royal Bank Of Canada decreased their target price on shares of Aecon Group from C$18.00 to C$17.00 in a research note on Friday, April 25th. TD Securities decreased their target price on shares of Aecon Group from C$23.00 to C$20.00 and set a “buy” rating for the company in a research note on Friday, April 25th. Finally, BMO Capital Markets decreased their target price on shares of Aecon Group from C$20.00 to C$19.00 in a research note on Friday, April 25th.

Insider Activity

In other news, Director Leslie Compton Kass bought 6,325 shares of the stock in a transaction on Tuesday, June 10th. The stock was purchased at an average cost of C$19.44 per share, with a total value of C$122,953.83. Also, Director Scott William Thon bought 10,500 shares of the stock in a transaction on Tuesday, June 3rd. The stock was purchased at an average cost of C$19.21 per share, with a total value of C$201,705.00. Insiders have acquired 21,825 shares of company stock worth $419,159 over the last ninety days. 0.82% of the stock is currently owned by insiders.

Aecon Group Stock Performance

TSE ARE opened at C$20.76 on Monday. The company has a debt-to-equity ratio of 32.84, a current ratio of 1.19 and a quick ratio of 1.27. Aecon Group has a 1 year low of C$13.03 and a 1 year high of C$29.70. The company has a market capitalization of C$1.31 billion, a PE ratio of -20.42, a P/E/G ratio of 18.18 and a beta of 1.13. The company has a fifty day moving average of C$18.96 and a two-hundred day moving average of C$20.69.

Aecon Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Thursday, July 3rd were given a $0.19 dividend. The ex-dividend date was Monday, June 23rd. This represents a $0.76 annualized dividend and a dividend yield of 3.66%. Aecon Group’s dividend payout ratio is presently -74.76%.

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.