Aecon Group (TSE:ARE) Lifted to Outperform at National Bankshares

National Bankshares upgraded shares of Aecon Group (TSE:ARE) from a sector perform rating to an outperform rating in a research note released on Monday morning, BayStreet.CA reports. The brokerage currently has C$20.50 target price on the stock, up from their previous target price of C$17.00.

Other research analysts have also issued reports about the company. Desjardins dropped their price objective on Aecon Group from C$20.00 to C$18.00 and set a buy rating for the company in a research note on Tuesday, July 2nd. CIBC cut their price target on shares of Aecon Group from C$23.00 to C$22.00 in a report on Thursday, July 11th. Stifel Nicolaus raised shares of Aecon Group from a hold rating to a buy rating and upped their price objective for the stock from C$16.50 to C$25.00 in a research note on Friday, July 26th. Royal Bank of Canada dropped their price objective on shares of Aecon Group from C$16.00 to C$13.00 and set a sector perform rating for the company in a report on Tuesday, July 2nd. Finally, Canaccord Genuity Group reduced their target price on Aecon Group from C$26.00 to C$25.00 and set a buy rating on the stock in a report on Wednesday, July 3rd. Five equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of Moderate Buy and an average target price of C$19.62.

Aecon Group Trading Down 1.1 %

ARE stock opened at C$16.65 on Monday. The company has a current ratio of 1.50, a quick ratio of 1.27 and a debt-to-equity ratio of 28.71. The firm has a market cap of C$1.04 billion, a P/E ratio of 7.74, a P/E/G ratio of 18.18 and a beta of 1.19. Aecon Group has a 1-year low of C$8.42 and a 1-year high of C$17.40. The business’s 50 day moving average is C$15.84 and its 200-day moving average is C$15.78.

Aecon Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Friday, September 20th will be given a $0.19 dividend. The ex-dividend date is Friday, September 20th. This represents a $0.76 dividend on an annualized basis and a yield of 4.56%. Aecon Group’s payout ratio is 35.35%.

Aecon Group Company Profile

Aecon Group Inc, together with its subsidiaries, provide construction and infrastructure development services to private and public sector clients in Canada, the United States, and internationally. It operates through two segments, Construction and Concessions. The Construction segment focuses on civil infrastructure, urban transportation solutions, nuclear power infrastructure, utility infrastructure, and conventional industrial infrastructure market sectors.