Aecon Group (TSE:ARE) Price Target Raised to C$33.00

Aecon Group (TSE:ARE) had its price objective boosted by Canaccord Genuity Group from C$28.00 to C$33.00 in a report released on Monday morning, BayStreet.CA reports.

A number of other research analysts have also issued reports on ARE. National Bankshares upgraded shares of Aecon Group from a “sector perform” rating to an “outperform” rating and upped their target price for the company from C$17.00 to C$20.50 in a report on Monday, July 29th. TD Securities upgraded shares of Aecon Group from a “hold” rating to a “buy” rating and upped their target price for the company from C$23.00 to C$35.00 in a report on Monday. Stifel Nicolaus upped their target price on shares of Aecon Group from C$30.00 to C$31.00 in a report on Friday, October 4th. Royal Bank of Canada upped their target price on shares of Aecon Group from C$13.00 to C$17.00 and gave the company a “sector perform” rating in a report on Monday, July 29th. Finally, ATB Capital upped their target price on shares of Aecon Group from C$21.00 to C$29.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$25.94.

Aecon Group Price Performance

Aecon Group stock opened at C$28.85 on Monday. The firm has a market capitalization of C$1.80 billion, a PE ratio of -106.85, a P/E/G ratio of 18.18 and a beta of 1.13. The company has a quick ratio of 1.27, a current ratio of 1.35 and a debt-to-equity ratio of 32.86. The firm’s 50-day simple moving average is C$21.26 and its 200 day simple moving average is C$18.11. Aecon Group has a 52 week low of C$10.30 and a 52 week high of C$29.16.

Aecon Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Investors of record on Wednesday, October 2nd were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date of this dividend was Friday, September 20th. Aecon Group’s dividend payout ratio (DPR) 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.