Brokerages Set Aecon Group Inc. (TSE:ARE) Target Price at C$27.53

Shares of Aecon Group Inc. (TSE:ARE) have received a consensus recommendation of “Moderate Buy” from the thirteen brokerages that are currently covering the company, MarketBeat reports. Six research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is C$27.53.

Several equities analysts have issued reports on ARE shares. TD Securities upgraded Aecon Group from a “hold” rating to a “buy” rating and lifted their price objective for the company from C$23.00 to C$35.00 in a research report on Monday, November 4th. National Bankshares cut Aecon Group from an “outperform” rating to a “sector perform” rating and lifted their price target for the company from C$28.00 to C$30.00 in a report on Wednesday, December 4th. BMO Capital Markets increased their price objective on shares of Aecon Group from C$27.00 to C$29.00 in a report on Friday, December 6th. Stifel Nicolaus boosted their target price on shares of Aecon Group from C$30.00 to C$31.00 in a research note on Friday, October 4th. Finally, National Bank Financial lowered shares of Aecon Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 3rd.

Aecon Group Stock Performance

TSE:ARE opened at C$24.30 on Monday. The stock has a market capitalization of C$1.52 billion, a P/E ratio of -90.00, a price-to-earnings-growth ratio of 18.18 and a beta of 1.13. The company has a current ratio of 1.35, a quick ratio of 1.27 and a debt-to-equity ratio of 32.86. Aecon Group has a 1 year low of C$13.03 and a 1 year high of C$29.70. The firm has a 50 day moving average of C$27.41 and a 200-day moving average of C$21.87.

Aecon Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, January 3rd were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date was Tuesday, December 24th. Aecon Group’s dividend payout ratio (DPR) 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.