Shares of Aecon Group Inc. (TSE:ARE – Get Free Report) have earned an average rating of “Moderate Buy” from the thirteen research firms that are presently covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is C$27.53.
A number of equities research analysts recently weighed in on ARE shares. Canaccord Genuity Group lifted their price objective on shares of Aecon Group from C$28.00 to C$33.00 in a report on Monday, November 4th. Stifel Nicolaus lifted their price target on shares of Aecon Group from C$30.00 to C$31.00 in a research note on Friday, October 4th. TD Securities raised Aecon Group from a “hold” rating to a “buy” rating and increased their price objective for the stock from C$23.00 to C$35.00 in a research note on Monday, November 4th. National Bankshares lowered Aecon Group from an “outperform” rating to a “sector perform” rating and lifted their target price for the company from C$28.00 to C$30.00 in a research report on Wednesday, December 4th. Finally, ATB Capital increased their price target on 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.
View Our Latest Stock Report on Aecon Group
Aecon Group Stock Down 0.1 %
Aecon Group Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, January 3rd will be issued a $0.19 dividend. The ex-dividend date is Tuesday, December 24th. This represents a $0.76 dividend on an annualized basis and a yield of 2.80%. Aecon Group’s dividend payout ratio is presently -281.48%.
Aecon Group Company Profile
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.
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