Aecon Group (TSE:ARE) Price Target Raised to C$27.00 at BMO Capital Markets

Aecon Group (TSE:ARE) had its target price boosted by BMO Capital Markets from C$16.50 to C$27.00 in a research note issued to investors on Monday morning, BayStreet.CA reports.

A number of other research firms also recently issued reports on ARE. Raymond James raised their price target on Aecon Group from C$16.00 to C$24.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 30th. National Bank Financial upgraded shares of Aecon Group from a “hold” rating to a “strong-buy” rating in a research report on Sunday, July 28th. ATB Capital raised their price objective on shares of Aecon Group from C$21.00 to C$29.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Stifel Nicolaus upped their target price on shares of Aecon Group from C$30.00 to C$31.00 in a report on Friday, October 4th. Finally, TD Securities raised Aecon Group from a “hold” rating to a “buy” rating and raised their price target for the stock from C$23.00 to C$35.00 in a report on Monday. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$25.94.

Aecon Group Stock Performance

TSE ARE opened at C$28.59 on Monday. The company has a fifty day moving average of C$20.83 and a two-hundred day moving average of C$17.95. The company has a market capitalization of C$1.79 billion, a PE ratio of -105.89, a P/E/G ratio of 18.18 and a beta of 1.13. Aecon Group has a 1 year low of C$10.30 and a 1 year high of C$28.63. The company has a debt-to-equity ratio of 32.86, a current ratio of 1.35 and a quick ratio of 1.27.

Aecon Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Wednesday, October 2nd were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Friday, September 20th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.66%. Aecon Group’s dividend payout ratio (DPR) is presently -281.48%.

Insider Activity

In related news, Senior Officer Timothy John Murphy acquired 4,244 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were purchased at an average price of C$17.66 per share, with a total value of C$74,969.84. Insiders own 0.82% of the company’s stock.

About Aecon Group

Aecon Group Inc, together with its subsidiaries, provide construction and infrastructure development services to private and public sector clients in Canada, the United States, and internationally. It operates through two segments, Construction and Concessions. The Construction segment focuses on civil infrastructure, urban transportation solutions, nuclear power infrastructure, utility infrastructure, and conventional industrial infrastructure market sectors.