Aecon Group (TSE:ARE) Given New C$59.00 Price Target at Jefferies Financial Group

Aecon Group (TSE:ARE) had its price target hoisted by Jefferies Financial Group from C$49.00 to C$59.00 in a research note released on Monday,BayStreet.CA reports.

A number of other equities research analysts also recently weighed in on ARE. Royal Bank Of Canada raised their price objective on Aecon Group from C$41.00 to C$44.00 and gave the company a “sector perform” rating in a research report on Thursday, April 9th. Stifel Nicolaus raised their price target on Aecon Group from C$44.00 to C$44.50 and gave the stock a “hold” rating in a report on Friday, April 17th. National Bank Financial raised their price target on Aecon Group from C$45.00 to C$48.00 and gave the stock an “outperform” rating in a report on Wednesday, April 8th. Desjardins raised their price target on Aecon Group from C$43.00 to C$45.00 and gave the stock a “hold” rating in a report on Monday, March 30th. Finally, Canaccord Genuity Group raised their price target on Aecon Group from C$40.00 to C$52.00 and gave the stock a “buy” rating in a report on Monday, March 9th. Four investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, Aecon Group has a consensus rating of “Hold” and a consensus target price of C$47.32.

Aecon Group Stock Performance

ARE stock opened at C$49.13 on Monday. The company has a quick ratio of 1.27, a current ratio of 1.10 and a debt-to-equity ratio of 65.17. The business’s fifty day simple moving average is C$42.12 and its two-hundred day simple moving average is C$34.62. Aecon Group has a twelve month low of C$15.35 and a twelve month high of C$49.34. The firm has a market cap of C$3.36 billion, a price-to-earnings ratio of 213.61, a PEG ratio of 18.18 and a beta of 0.97.

Aecon Group (TSE:ARE) last posted its quarterly earnings results on Thursday, March 5th. The company reported C$0.52 earnings per share (EPS) for the quarter. Aecon Group had a return on equity of 1.66% and a net margin of 0.28%.The business had revenue of C$1.54 billion for the quarter. Analysts predict that Aecon Group will post 1.3793321 earnings per share for the current year.

Aecon Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 2nd. Stockholders of record on Thursday, April 2nd were given a $0.1925 dividend. The ex-dividend date was Monday, March 23rd. This represents a $0.77 dividend on an annualized basis and a dividend yield of 1.6%. Aecon Group’s payout ratio is 330.43%.

Insider Activity at Aecon Group

In other news, Director Eric Stuart Rosenfeld sold 125,000 shares of the business’s stock in a transaction that occurred on Friday, March 27th. The stock was sold at an average price of C$41.64, for a total value of C$5,205,000.00. Following the completion of the sale, the director directly owned 184,200 shares in the company, valued at C$7,670,088. The trade was a 40.43% decrease in their ownership of the stock. 0.82% of the stock is owned by company insiders.

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. Aecon generates the majority of its revenue from the Construction segment.