Aecon Group (TSE:ARE) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Shares of Aecon Group Inc. (TSE:ARE) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$21.17 and traded as high as C$27.24. Aecon Group shares last traded at C$27.22, with a volume of 210,398 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms have commented on ARE. National Bankshares lowered Aecon Group from an “outperform” rating to a “sector perform” rating and lifted their target price for the stock from C$28.00 to C$30.00 in a report on Wednesday, December 4th. ATB Capital lifted their price objective on Aecon Group from C$21.00 to C$29.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. National Bank Financial cut shares of Aecon Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 3rd. Stifel Nicolaus raised their price target on shares of Aecon Group from C$30.00 to C$31.00 in a report on Friday, October 4th. Finally, TD Securities raised shares of Aecon Group from a “hold” rating to a “buy” rating and boosted their price objective for the company from C$23.00 to C$35.00 in a report on Monday, November 4th. Six analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$27.53.

Aecon Group Stock Up 0.0 %

The company has a current ratio of 1.35, a quick ratio of 1.27 and a debt-to-equity ratio of 32.86. The firm has a market cap of C$1.70 billion, a PE ratio of -100.85, a PEG ratio of 18.18 and a beta of 1.13. The company’s 50 day moving average price is C$27.34 and its two-hundred day moving average price is C$21.24.

Aecon Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, January 3rd will be paid a dividend of $0.19 per share. The ex-dividend date is Tuesday, December 24th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.79%. Aecon Group’s dividend payout ratio (DPR) is presently -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.