Aecon Group (TSE:ARE – Free Report) 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.
Get Our Latest Stock Report on Aecon Group
Aecon Group Price Performance
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.
Further Reading
- Five stocks we like better than Aecon Group
- Overbought Stocks Explained: Should You Trade Them?
- Survey: Top 175 Fittest Retirement Locations in America
- CD Calculator: Certificate of Deposit Calculator
- Kimberly-Clark Stock Dips and a Buying Opportunity Emerges
- Insider Buying Explained: What Investors Need to Know
- Leading Gold Stock Shines With Q2 2024 Earnings Release
Receive News & Ratings for Aecon Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aecon Group and related companies with MarketBeat.com's FREE daily email newsletter.