Aecon Group (TSE:ARE) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Aecon Group Inc. (TSE:ARE) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$23.20 and traded as high as C$23.52. Aecon Group shares last traded at C$23.29, with a volume of 188,090 shares trading hands.

Wall Street Analyst Weigh In

ARE has been the subject of several research reports. BMO Capital Markets lifted their price target on shares of Aecon Group from C$27.00 to C$29.00 in a research report on Friday, December 6th. National Bankshares downgraded shares of Aecon Group from an “outperform” rating to a “sector perform” rating and lifted their price target for the company from C$28.00 to C$30.00 in a research report on Wednesday, December 4th. TD Securities upgraded Aecon Group from a “hold” rating to a “buy” rating and raised their price objective for the company from C$23.00 to C$35.00 in a research note on Monday, November 4th. CIBC dropped their price objective on Aecon Group from C$35.00 to C$33.00 in a research note on Monday, February 3rd. Finally, National Bank Financial cut Aecon Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 3rd. Six equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Aecon Group has an average rating of “Moderate Buy” and a consensus target price of C$27.35.

Aecon Group Stock Down 0.4 %

The company has a current ratio of 1.19, a quick ratio of 1.27 and a debt-to-equity ratio of 32.84. The firm has a market cap of C$1.47 billion, a PE ratio of -22.91, a price-to-earnings-growth ratio of 18.18 and a beta of 1.13. The stock has a fifty day simple moving average of C$25.60 and a two-hundred day simple moving average of C$23.26.

Aecon Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders 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 3.26%. The ex-dividend date was Tuesday, December 24th. Aecon Group’s payout ratio is -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.