Stifel Nicolaus downgraded shares of Aecon Group (TSE:ARE – Free Report) from a buy rating to a hold rating in a research report sent to investors on Friday,BayStreet.CA reports. The firm currently has C$19.00 price target on the stock, down from their previous price target of C$31.00.
Other equities research analysts have also issued reports about the stock. TD Securities lowered their price target on shares of Aecon Group from C$35.00 to C$30.00 and set a “buy” rating on the stock in a report on Friday. National Bankshares lowered shares of Aecon Group from an “outperform” rating to a “sector perform” rating and increased their target price for the stock from C$28.00 to C$30.00 in a research note on Wednesday, December 4th. BMO Capital Markets decreased their price target on shares of Aecon Group from C$29.00 to C$24.00 in a research note on Friday. National Bank Financial lowered shares of Aecon Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 3rd. Finally, CIBC cut their price objective on shares of Aecon Group from C$33.00 to C$30.00 in a report on Friday. Seven analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$24.98.
Read Our Latest Analysis on ARE
Aecon Group Stock Performance
Aecon Group Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, January 3rd were given a dividend of $0.19 per share. The ex-dividend date was Tuesday, December 24th. This represents a $0.76 dividend on an annualized basis and a yield of 4.23%. Aecon Group’s dividend payout ratio (DPR) is currently -74.76%.
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.
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