Aecon Group Inc. (TSE:ARE) Receives C$25.94 Average Price Target from Brokerages

Shares of Aecon Group Inc. (TSE:ARE) have earned a consensus rating of “Moderate Buy” from the thirteen ratings firms that are covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is C$25.94.

A number of brokerages have recently commented on ARE. BMO Capital Markets boosted their target price on shares of Aecon Group from C$16.50 to C$27.00 in a report on Monday, November 4th. ATB Capital boosted 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 note on Monday, September 16th. TD Securities raised shares of Aecon Group from a “hold” rating to a “buy” rating and raised their target price for the company from C$23.00 to C$35.00 in a research note on Monday, November 4th. Raymond James lifted their target price on shares of Aecon Group from C$24.00 to C$28.00 in a report on Tuesday, November 5th. Finally, CIBC raised their price objective on Aecon Group from C$25.00 to C$29.00 in a research report on Monday, November 4th.

Aecon Group Trading Up 1.3 %

ARE opened at C$29.02 on Friday. The stock has a market cap of C$1.81 billion, a PE ratio of -106.07, a PEG ratio of 18.18 and a beta of 1.13. The business has a 50 day moving average of C$24.32 and a 200-day moving average of C$19.37. Aecon Group has a 52 week low of C$11.19 and a 52 week high of C$29.70. The company has a quick ratio of 1.27, a current ratio of 1.35 and a debt-to-equity ratio of 32.86.

Aecon Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Wednesday, October 2nd were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date of this dividend was Friday, September 20th. Aecon Group’s payout ratio is currently -281.48%.

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.