Aecon Group Inc. (TSE:ARE) Declares $0.19 Quarterly Dividend

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 Trading Down 0.6 %

TSE ARE opened at C$17.89 on Wednesday. The business has a 50 day moving average price of C$22.95 and a 200-day moving average price of C$23.92. 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 cap of C$1.13 billion, a price-to-earnings ratio of -17.60, a P/E/G ratio of 18.18 and a beta of 1.13. The company has a quick ratio of 1.27, a current ratio of 1.19 and a debt-to-equity ratio of 32.84.

Insider Activity

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

Analyst Upgrades and Downgrades

ARE has been the subject of several recent research reports. Stifel Nicolaus downgraded Aecon Group from a “buy” rating to a “hold” rating and decreased their price target for the stock from C$31.00 to C$19.00 in a report on Friday, March 7th. Royal Bank of Canada decreased their price target on Aecon Group from C$27.00 to C$20.00 in a report on Monday, March 10th. Raymond James decreased their price target on Aecon Group from C$28.00 to C$23.00 and set a “market perform” rating for the company in a report on Friday, March 7th. CIBC decreased their price target on Aecon Group from C$33.00 to C$30.00 in a report on Friday, March 7th. Finally, National Bankshares upgraded Aecon Group from a “sector perform” rating to an “outperform” rating in a report on Monday, March 10th. Six investment 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 data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$25.25.

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.