Analysts Set Aecon Group Inc. (TSE:ARE) Target Price at C$21.44

Aecon Group Inc. (TSE:ARE) has earned an average recommendation of “Moderate Buy” from the thirteen brokerages that are covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is C$22.07.

ARE has been the subject of several recent analyst reports. Canaccord Genuity Group upped their target price on shares of Aecon Group from C$25.00 to C$28.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. Stifel Canada upgraded Aecon Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 25th. Royal Bank of Canada boosted their price target on Aecon Group from C$13.00 to C$17.00 and gave the stock a “sector perform” rating in a report on Monday, July 29th. National Bankshares raised shares of Aecon Group from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from C$17.00 to C$20.50 in a report on Monday, July 29th. Finally, CIBC lifted their price objective on shares of Aecon Group from C$22.00 to C$25.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th.

Aecon Group Price Performance

Shares of Aecon Group stock opened at C$27.52 on Wednesday. The stock has a market cap of C$1.72 billion, a P/E ratio of -93.93, a P/E/G ratio of 18.18 and a beta of 1.13. The company has a debt-to-equity ratio of 32.86, a quick ratio of 1.27 and a current ratio of 1.35. The stock’s fifty day moving average is C$20.43 and its 200 day moving average is C$17.79. Aecon Group has a one year low of C$10.30 and a one year high of C$27.61.

Aecon Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Wednesday, October 2nd were given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 2.76%. The ex-dividend date was Friday, September 20th. Aecon Group’s dividend payout ratio (DPR) is presently -281.48%.

Insider Activity

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

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.