Aecon Group Inc. (TSE:ARE) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Aecon Group Inc. (TSE:ARE) have earned a consensus rating of “Moderate Buy” from the thirteen analysts that are currently covering the firm, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is C$27.35.

Several equities analysts recently commented on the company. National Bank Financial lowered Aecon Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 3rd. Canaccord Genuity Group raised their price objective on shares of Aecon Group from C$28.00 to C$33.00 in a report on Monday, November 4th. National Bankshares cut shares of Aecon Group from an “outperform” rating to a “sector perform” rating and upped their target price for the company from C$28.00 to C$30.00 in a report on Wednesday, December 4th. TD Securities raised shares of Aecon Group from a “hold” rating to a “buy” rating and boosted their price target for the company from C$23.00 to C$35.00 in a research report on Monday, November 4th. Finally, BMO Capital Markets upped their target price on Aecon Group from C$27.00 to C$29.00 in a research report on Friday, December 6th.

Aecon Group Stock Down 1.1 %

Shares of Aecon Group stock opened at C$23.75 on Friday. The company has a quick ratio of 1.27, a current ratio of 1.35 and a debt-to-equity ratio of 32.86. Aecon Group has a 52-week low of C$13.03 and a 52-week high of C$29.70. The company has a market capitalization of C$1.48 billion, a P/E ratio of -87.96, a P/E/G ratio of 18.18 and a beta of 1.13. The company has a 50 day moving average of C$25.87 and a 200 day moving average of C$23.14.

Aecon Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, January 3rd were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 3.20%. The ex-dividend date of this dividend was Tuesday, December 24th. Aecon Group’s dividend payout ratio is presently -281.48%.

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.