Aecon Group Inc. (ARE) to Issue Quarterly Dividend of $0.19 on April 2nd

Aecon Group Inc. (TSE:ARE) announced a quarterly dividend on Friday, March 21st, TickerTech Dividends reports. Stockholders of record on Wednesday, April 2nd will be given a dividend of 0.19 per share on Wednesday, April 2nd. This represents a $0.76 annualized dividend and a dividend yield of 4.25%. The ex-dividend date is Friday, March 21st.

Aecon Group Stock Down 0.6 %

TSE ARE opened at C$17.89 on Wednesday. The stock has a fifty day moving average of C$22.95 and a 200-day moving average of C$23.92. The stock has a market capitalization of C$1.13 billion, a P/E ratio of -17.60, a price-to-earnings-growth ratio of 18.18 and a beta of 1.13. Aecon Group has a 52 week low of C$13.03 and a 52 week high of C$29.70. The company has a debt-to-equity ratio of 32.84, a quick ratio of 1.27 and a current ratio of 1.19.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on ARE shares. BMO Capital Markets decreased their price objective on Aecon Group from C$29.00 to C$24.00 in a research note on Friday, March 7th. Desjardins decreased their price objective on Aecon Group from C$32.00 to C$29.00 and set a “buy” rating for the company in a research note on Friday, March 7th. National Bank Financial raised Aecon Group from a “hold” rating to a “strong-buy” rating in a research note on Sunday, March 9th. TD Securities decreased their target price on Aecon Group from C$35.00 to C$30.00 and set a “buy” rating for the company in a research note on Friday, March 7th. Finally, Raymond James decreased their target price on Aecon Group from C$28.00 to C$23.00 and set a “market perform” rating for the company in a research note on Friday, March 7th. Six investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Aecon Group has a consensus rating of “Moderate Buy” and an average target price of C$25.25.

Insider Activity

In other news, Director Stuart Lee bought 5,700 shares of the firm’s stock in a transaction dated Monday, March 10th. The shares were bought at an average price of C$18.35 per share, with a total value of C$104,595.00. 0.82% of the stock is owned by company insiders.

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.