Aecon Group Inc. (TSE:ARE) Receives Average Rating of “Moderate Buy” from Analysts

Aecon Group Inc. (TSE:AREGet Free Report) has received a consensus rating of “Moderate Buy” from the thirteen ratings firms that are presently covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is C$27.53.

A number of equities research analysts recently commented on ARE shares. Raymond James upped their price target on shares of Aecon Group from C$24.00 to C$28.00 in a report on Tuesday, November 5th. CIBC upped their price objective on shares of Aecon Group from C$29.00 to C$35.00 in a research note on Friday, December 13th. Canaccord Genuity Group raised their target price on Aecon Group from C$28.00 to C$33.00 in a research note on Monday, November 4th. BMO Capital Markets upped their price target on Aecon Group from C$27.00 to C$29.00 in a research report on Friday, December 6th. Finally, National Bank Financial lowered Aecon Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 3rd.

Check Out Our Latest Stock Analysis on ARE

Aecon Group Price Performance

Shares of Aecon Group stock opened at C$24.51 on Monday. 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 has a one year low of C$13.03 and a one year high of C$29.70. The business’s 50 day simple moving average is C$27.24 and its two-hundred day simple moving average is C$21.98. The stock has a market capitalization of C$1.53 billion, a P/E ratio of -90.78, a price-to-earnings-growth ratio of 18.18 and a beta of 1.13.

Aecon Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, January 3rd were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 3.10%. The ex-dividend date was Tuesday, December 24th. Aecon Group’s dividend payout ratio (DPR) is presently -281.48%.

About Aecon Group

(Get Free Report

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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Analyst Recommendations for Aecon Group (TSE:ARE)

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