Brokerages Set Aecon Group Inc. (TSE:ARE) Price Target at C$25.94

Aecon Group Inc. (TSE:ARE) has earned a consensus recommendation of “Moderate Buy” from the thirteen analysts that are presently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is C$25.94.

A number of equities analysts have recently weighed in on ARE shares. Raymond James increased their target price on Aecon Group from C$24.00 to C$28.00 in a research note on Tuesday, November 5th. TD Securities upgraded Aecon Group from a “hold” rating to a “buy” rating and increased their price objective for the stock from C$23.00 to C$35.00 in a research report on Monday, November 4th. BMO Capital Markets boosted their target price on shares of Aecon Group from C$16.50 to C$27.00 in a research report on Monday, November 4th. ATB Capital raised their price target on shares of Aecon Group from C$21.00 to C$29.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Finally, Canaccord Genuity Group boosted their price objective on shares of Aecon Group from C$28.00 to C$33.00 in a report on Monday, November 4th.

Aecon Group Stock Up 1.4 %

ARE opened at C$29.54 on Friday. The stock’s fifty day simple moving average is C$23.94 and its 200 day simple moving average is C$19.20. Aecon Group has a 1-year low of C$11.15 and a 1-year high of C$29.70. The stock has a market cap of C$1.84 billion, a PE ratio of -109.41, 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 Dividend Announcement

The company also recently disclosed 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. The ex-dividend date was Friday, September 20th. This represents a $0.76 dividend on an annualized basis and a yield of 2.57%. Aecon Group’s dividend payout ratio is currently -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.