Aecon Group Inc. (TSE:ARE) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Aecon Group Inc. (TSE:ARE) have earned a consensus rating of “Moderate Buy” from the thirteen research firms that are covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is C$25.94.

Several analysts have issued reports on the company. Royal Bank of Canada upped their target price on Aecon Group from C$13.00 to C$17.00 and gave the company a “sector perform” rating in a report on Monday, July 29th. Raymond James upped their target price on Aecon Group from C$24.00 to C$28.00 in a report on Tuesday. ATB Capital upped their price target on 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. Canaccord Genuity Group upped their price target on Aecon Group from C$28.00 to C$33.00 in a research note on Monday. Finally, TD Securities raised Aecon Group from a “hold” rating to a “buy” rating and upped their price target for the company from C$23.00 to C$35.00 in a research note on Monday.

Insider Buying and Selling

In other news, Senior Officer Timothy John Murphy bought 4,244 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were purchased at an average price of C$17.66 per share, with a total value of C$74,969.84. 0.82% of the stock is owned by corporate insiders.

Aecon Group Stock Up 0.0 %

Shares of TSE:ARE opened at C$28.60 on Wednesday. The company has a quick ratio of 1.27, a current ratio of 1.35 and a debt-to-equity ratio of 32.86. The business has a fifty day moving average of C$21.05 and a two-hundred day moving average of C$18.03. The stock has a market cap of C$1.79 billion, a P/E ratio of -105.93, a PEG ratio of 18.18 and a beta of 1.13. Aecon Group has a 52-week low of C$10.30 and a 52-week high of C$28.79.

Aecon Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Investors of record on Wednesday, October 2nd were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 2.66%. The ex-dividend date was Friday, September 20th. 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.