Aecon Group (TSE:ARE) Price Target Raised to C$30.00 at Royal Bank Of Canada

Aecon Group (TSE:ARE) had its price objective boosted by Royal Bank Of Canada from C$26.00 to C$30.00 in a research note released on Monday,BayStreet.CA reports. Royal Bank Of Canada currently has a sector perform rating on the stock.

ARE has been the subject of a number of other research reports. Atb Cap Markets lowered Aecon Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 30th. CIBC lowered Aecon Group from an “outperform” rating to a “neutral” rating and increased their price target for the company from C$29.00 to C$35.00 in a research report on Friday. Desjardins lowered Aecon Group from a “buy” rating to a “hold” rating and increased their price target for the company from C$22.00 to C$35.00 in a research report on Friday. Canaccord Genuity Group increased their price target on Aecon Group from C$29.00 to C$40.00 and gave the company a “buy” rating in a research report on Friday. Finally, ATB Capital lowered Aecon Group from an “outperform” rating to a “sector perform” rating and increased their price target for the company from C$28.00 to C$32.00 in a research report on Friday. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$33.00.

Aecon Group Trading Up 0.1%

TSE:ARE opened at C$30.95 on Monday. The company has a quick ratio of 1.27, a current ratio of 1.19 and a debt-to-equity ratio of 32.84. Aecon Group has a 1-year low of C$15.21 and a 1-year high of C$35.10. The firm has a market capitalization of C$1.96 billion, a price-to-earnings ratio of 221.07, a price-to-earnings-growth ratio of 18.18 and a beta of 1.48. The stock has a fifty day simple moving average of C$24.11 and a 200 day simple moving average of C$20.94.

Aecon Group Dividend Announcement

The firm 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 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Monday, September 22nd. Aecon Group’s dividend payout ratio is currently 542.86%.

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.