TD Securities Issues Positive Forecast for Aecon Group (TSE:ARE) Stock Price

Aecon Group (TSE:ARE) had its price target lifted by TD Securities from C$23.00 to C$34.00 in a report published on Monday,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Other research analysts have also recently issued research reports about the company. National Bank Financial upgraded Aecon Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 1st. CIBC lifted their target price on Aecon Group from C$24.00 to C$29.00 and gave the company an “outperform” rating in a research report on Monday, October 6th. ATB Capital decreased their target price on Aecon Group from C$30.00 to C$28.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 5th. Stifel Nicolaus lifted their target price on Aecon Group from C$19.00 to C$24.00 and gave the company a “hold” rating in a research report on Monday, October 6th. Finally, National Bankshares lifted their target price on Aecon Group from C$23.00 to C$26.00 and gave the company an “outperform” rating in a research report on Wednesday, September 24th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of C$25.91.

Aecon Group Stock Performance

Aecon Group stock opened at C$27.41 on Monday. Aecon Group has a 12-month low of C$15.21 and a 12-month 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 business’s 50-day moving average price is C$23.08 and its two-hundred day moving average price is C$20.43. The stock has a market cap of C$1.74 billion, a PE ratio of 65.26, a P/E/G ratio of 18.18 and a beta of 1.48.

Aecon Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Thursday, October 2nd were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Monday, September 22nd. Aecon Group’s payout ratio is currently 180.95%.

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.