National Bankshares Trims Aecon Group (TSE:ARE) Target Price to C$17.00

Aecon Group (TSE:ARE) had its price objective cut by National Bankshares from C$18.00 to C$17.00 in a research note released on Friday morning, BayStreet.CA reports.

Several other equities research analysts have also commented on the company. TD Securities decreased their price target on Aecon Group from C$18.00 to C$17.00 and set a hold rating on the stock in a research note on Tuesday, July 2nd. Paradigm Capital upped their target price on Aecon Group from C$14.00 to C$17.80 and gave the company a hold rating in a research note on Friday, April 26th. ATB Capital upped their target price on Aecon Group from C$19.50 to C$21.00 and gave the company an outperform rating in a research note on Friday, April 26th. Royal Bank of Canada reduced their target price on Aecon Group from C$16.00 to C$13.00 and set a sector perform rating on the stock in a research note on Tuesday, July 2nd. Finally, Raymond James upped their target price on Aecon Group from C$16.00 to C$17.00 and gave the company a market perform rating in a research note on Friday, April 26th. Five equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Aecon Group has a consensus rating of Moderate Buy and a consensus target price of C$19.62.

Aecon Group Price Performance

Shares of TSE:ARE opened at C$16.19 on Friday. The business’s 50 day simple moving average is C$15.84 and its 200-day simple moving average is C$15.75. The firm has a market capitalization of C$1.01 billion, a price-to-earnings ratio of 7.53, a price-to-earnings-growth ratio of 18.18 and a beta of 1.19. The company has a debt-to-equity ratio of 28.71, a current ratio of 1.50 and a quick ratio of 1.27. Aecon Group has a 12 month low of C$8.42 and a 12 month high of C$17.40.

Aecon Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Friday, September 20th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Friday, September 20th. This represents a $0.76 annualized dividend and a yield of 4.69%. Aecon Group’s dividend payout ratio (DPR) is presently 35.35%.

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.