Aecon Group (TSE:ARE) Upgraded at National Bankshares

National Bankshares upgraded shares of Aecon Group (TSE:ARE) from a sector perform rating to an outperform rating in a report issued on Monday,BayStreet.CA reports.

Other analysts have also recently issued reports about the company. Stifel Canada cut Aecon Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 6th. TD Securities decreased their price objective on Aecon Group from C$35.00 to C$30.00 and set a “buy” rating for the company in a research report on Friday, March 7th. Desjardins decreased their price objective on Aecon Group from C$32.00 to C$29.00 and set a “buy” rating for the company in a research report on Friday, March 7th. National Bank Financial cut Aecon Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 3rd. Finally, Royal Bank of Canada decreased their price objective on Aecon Group from C$27.00 to C$20.00 in a research report on Monday. Six analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Aecon Group currently has a consensus rating of “Moderate Buy” and an average target price of C$25.25.

Aecon Group Trading Down 1.8 %

ARE opened at C$17.72 on Monday. Aecon Group has a one year low of C$13.03 and a one year high of C$29.70. The company has a market cap of C$1.12 billion, a P/E ratio of -17.43, a PEG ratio of 18.18 and a beta of 1.13. The company has a debt-to-equity ratio of 32.84, a quick ratio of 1.27 and a current ratio of 1.19. The business’s 50-day simple moving average is C$23.83 and its 200-day simple moving average is C$23.93.

Aecon Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, January 3rd were issued a $0.19 dividend. The ex-dividend date was Tuesday, December 24th. This represents a $0.76 annualized dividend and a dividend yield of 4.29%. Aecon Group’s dividend payout ratio is currently -74.76%.

Insider Activity

In other news, Director Stuart Lee acquired 5,700 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The stock was purchased at an average cost of C$18.35 per share, with a total value of C$104,595.00. Insiders own 0.82% of the company’s stock.

About Aecon Group

Aecon Group Inc is a Canada-based company that operates in two segments: Construction and Concessions. The Construction segment includes various aspects of the construction of public and private infrastructure projects, mainly in the transportation sector. Its concessions segment is engaged in the development, financing, construction, and operation of infrastructure projects.