Aecon Group (TSE:ARE) Price Target Raised to C$35.00

Aecon Group (TSE:ARE) had its target price raised by CIBC from C$29.00 to C$35.00 in a research note released on Friday,BayStreet.CA reports.

ARE has been the subject of a number of other research reports. BMO Capital Markets upped their target price on Aecon Group from C$27.00 to C$29.00 in a report on Friday, December 6th. National Bank Financial cut Aecon Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 3rd. Canaccord Genuity Group lifted their target price on Aecon Group from C$28.00 to C$33.00 in a research note on Monday, November 4th. National Bankshares lowered shares of Aecon Group from an “outperform” rating to a “sector perform” rating and increased their price target for the company from C$28.00 to C$30.00 in a research report on Wednesday, December 4th. Finally, ATB Capital lifted their price objective 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. Six analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$27.53.

Aecon Group Stock Performance

Shares of Aecon Group stock opened at C$27.03 on Friday. The firm has a market cap of C$1.69 billion, a P/E ratio of -100.11, a P/E/G 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 12 month low of C$11.75 and a 12 month high of C$29.70. The stock’s fifty day moving average price is C$26.10 and its 200-day moving average price is C$20.28.

Aecon Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Wednesday, October 2nd were paid 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 2.81%. Aecon Group’s payout ratio is -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.