Aecon Group (TSE:ARE) Price Target Raised to C$27.00

Aecon Group (TSE:ARE) had its price target upped by BMO Capital Markets from C$16.50 to C$27.00 in a research report report published on Monday, BayStreet.CA reports.

A number of other equities research analysts have also recently issued reports on ARE. CIBC raised their target price on Aecon Group from C$25.00 to C$29.00 in a research note on Monday. Raymond James lifted their price objective on shares of Aecon Group from C$16.00 to C$24.00 and gave the company a “market perform” rating in a research note on Wednesday, October 30th. TD Securities upgraded shares of 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 note on Monday. Stifel Nicolaus lifted their price objective on shares of Aecon Group from C$30.00 to C$31.00 in a research note on Friday, October 4th. Finally, ATB Capital lifted their price objective on shares of Aecon Group from C$21.00 to C$29.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Four analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$25.94.

Aecon Group Stock Performance

ARE stock opened at C$28.85 on Monday. 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 has a market capitalization of C$1.80 billion, a price-to-earnings ratio of -106.85, a PEG ratio of 18.18 and a beta of 1.13. Aecon Group has a 1 year low of C$10.30 and a 1 year high of C$29.16. The stock’s fifty day moving average is C$21.26 and its two-hundred day moving average is C$18.11.

Aecon Group Announces Dividend

The firm also recently declared 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 2.63%. 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.