Aecon Group (TSE:ARE) Given New C$24.00 Price Target at Stifel Nicolaus

Aecon Group (TSE:ARE) had its target price upped by Stifel Nicolaus from C$19.00 to C$24.00 in a research note released on Monday,BayStreet.CA reports. Stifel Nicolaus currently has a hold rating on the stock.

A number of other research firms have also recently weighed in on ARE. National Bank Financial raised Aecon Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 1st. BMO Capital Markets increased their price objective on Aecon Group from C$19.00 to C$22.00 in a research report on Tuesday, July 22nd. National Bankshares increased their price objective on Aecon Group from C$23.00 to C$26.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 24th. Desjardins decreased their price objective on Aecon Group from C$24.00 to C$22.00 and set a “buy” rating for the company in a research report on Tuesday, August 5th. Finally, ATB Capital decreased their price objective on Aecon Group from C$30.00 to C$28.00 and set an “outperform” rating for the company in a research report on Tuesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Aecon Group has an average rating of “Buy” and a consensus price target of C$24.91.

Aecon Group Stock Down 0.0%

Aecon Group stock opened at C$25.05 on Monday. Aecon Group has a twelve month low of C$15.21 and a twelve month high of C$29.70. The stock has a 50 day moving average of C$21.48 and a two-hundred day moving average of C$19.59. 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$1.59 billion, a price-to-earnings ratio of 59.64, a PEG ratio of 18.18 and a beta of 1.48.

Aecon Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Thursday, October 2nd were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $0.76 annualized dividend and a yield of 3.0%. Aecon Group’s payout ratio is currently 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.