Aecon Group (TSE:ARE) Price Target Lowered to C$23.00 at National Bankshares

Aecon Group (TSE:ARE) had its target price reduced by National Bankshares from C$30.00 to C$23.00 in a research note issued to investors on Friday morning,BayStreet.CA reports. They currently have a sector perform rating on the stock.

ARE has been the subject of several other reports. TD Securities cut their target price on shares of Aecon Group from C$35.00 to C$30.00 and set a “buy” rating for the company in a report on Friday. Desjardins cut their target price on shares of Aecon Group from C$32.00 to C$29.00 and set a “buy” rating for the company in a report on Friday. Stifel Nicolaus lowered shares of Aecon Group from a “buy” rating to a “hold” rating and cut their target price for the company from C$31.00 to C$19.00 in a report on Friday. National Bank Financial lowered shares of Aecon Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 3rd. Finally, BMO Capital Markets cut their price target on shares of Aecon Group from C$29.00 to C$24.00 in a report on Friday. Seven analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$24.98.

Aecon Group Price Performance

TSE:ARE opened at C$17.96 on Friday. The company has a debt-to-equity ratio of 32.84, a current ratio of 1.19 and a quick ratio of 1.27. The firm has a market cap of C$1.14 billion, a price-to-earnings ratio of -17.67, a price-to-earnings-growth ratio of 18.18 and a beta of 1.13. The company has a 50 day moving average price of C$24.38 and a 200-day moving average price of C$23.88. Aecon Group has a 1-year low of C$13.03 and a 1-year high of C$29.70.

Aecon Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, January 3rd were paid a dividend of $0.19 per share. The ex-dividend date was Tuesday, December 24th. This represents a $0.76 annualized dividend and a yield of 4.23%. Aecon Group’s dividend payout ratio (DPR) is presently -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.