Aecon Group Inc. (TSE:ARE) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Aecon Group Inc. (TSE:ARE) have received a consensus rating of “Moderate Buy” from the thirteen brokerages that are covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is C$27.35.

Several research analysts recently issued reports on ARE shares. National Bank Financial cut shares of Aecon Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 3rd. National Bankshares downgraded Aecon Group from an “outperform” rating to a “sector perform” rating and increased their price target for the stock from C$28.00 to C$30.00 in a research report on Wednesday, December 4th. CIBC decreased their price objective on Aecon Group from C$35.00 to C$33.00 in a report on Monday. BMO Capital Markets upped their target price on Aecon Group from C$27.00 to C$29.00 in a research note on Friday, December 6th. Finally, TD Securities upgraded Aecon Group from a “hold” rating to a “buy” rating and lifted their price target for the company from C$23.00 to C$35.00 in a research report on Monday, November 4th.

Aecon Group Price Performance

Shares of TSE:ARE opened at C$24.26 on Friday. 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 twelve month low of C$13.03 and a twelve month high of C$29.70. The company’s 50 day moving average is C$26.15 and its 200 day moving average is C$22.88. The company has a market cap of C$1.52 billion, a PE ratio of -89.85, a price-to-earnings-growth ratio of 18.18 and a beta of 1.13.

Aecon Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, January 3rd were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Tuesday, December 24th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.13%. Aecon Group’s dividend payout ratio (DPR) is -281.48%.

About Aecon Group

Aecon Group Inc is a Canada-based company that operates in two segments: Construction and Concessions. The Construction segment includes various aspects of the construction of public and private infrastructure projects, mainly in the transportation sector. Its concessions segment is engaged in the development, financing, construction, and operation of infrastructure projects.