Brokerages Set Aecon Group Inc. (TSE:ARE) Price Target at C$22.90

Shares of Aecon Group Inc. (TSE:ARE) have been assigned a consensus recommendation of “Buy” from the twelve research firms that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is C$22.90.

ARE has been the topic of several research reports. TD Securities dropped their price objective on shares of Aecon Group from C$23.00 to C$20.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Royal Bank of Canada dropped their price objective on shares of Aecon Group from C$18.00 to C$17.00 in a report on Friday, April 25th. Raymond James dropped their price objective on shares of Aecon Group from C$23.00 to C$21.00 in a report on Monday, April 28th. National Bank Financial upgraded shares of Aecon Group from a “hold” rating to a “strong-buy” rating in a report on Sunday, March 9th. Finally, Stifel Canada upgraded shares of Aecon Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 17th.

Insider Buying and Selling at Aecon Group

In other Aecon Group news, Director Stuart Lee bought 5,700 shares of the stock in a transaction dated Monday, March 10th. The stock was bought at an average cost of C$18.35 per share, for a total transaction of C$104,595.00. Company insiders own 0.82% of the company’s stock.

Aecon Group Stock Performance

Shares of ARE opened at C$18.90 on Friday. The company has a market capitalization of C$1.20 billion, a PE ratio of -18.59, a price-to-earnings-growth ratio of 18.18 and a beta of 1.13. Aecon Group has a one year low of C$13.03 and a one year high of C$29.70. The company has a debt-to-equity ratio of 32.84, a current ratio of 1.19 and a quick ratio of 1.27. The company’s fifty day moving average price is C$17.43 and its 200 day moving average price is C$22.51.

Aecon Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, April 2nd were paid a $0.19 dividend. The ex-dividend date of this dividend was Friday, March 21st. This represents a $0.76 dividend on an annualized basis and a yield of 4.02%. Aecon Group’s payout ratio is currently -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.