Aecon Group (TSE:ARE) Given New C$27.00 Price Target at BMO Capital Markets

Aecon Group (TSE:ARE) had its price objective raised by BMO Capital Markets from C$16.50 to C$27.00 in a research note issued to investors on Monday,BayStreet.CA reports.

ARE has been the subject of a number of other research reports. ATB Capital increased their target price on shares of Aecon Group from C$21.00 to C$29.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Stifel Canada raised shares of Aecon Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 25th. National Bank Financial upgraded Aecon Group from a “hold” rating to a “strong-buy” rating in a report on Sunday, July 28th. Royal Bank of Canada raised their price objective on Aecon Group from C$13.00 to C$17.00 and gave the company a “sector perform” rating in a research note on Monday, July 29th. Finally, National Bankshares raised Aecon Group from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from C$17.00 to C$20.50 in a report on Monday, July 29th. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$25.94.

Aecon Group Price Performance

TSE:ARE opened at C$29.07 on Monday. The company has a debt-to-equity ratio of 32.86, a current ratio of 1.35 and a quick ratio of 1.27. The firm’s fifty day moving average price is C$21.48 and its two-hundred day moving average price is C$18.19. Aecon Group has a one year low of C$10.30 and a one year high of C$29.50. The company has a market cap of C$1.82 billion, a P/E ratio of -107.67, a P/E/G ratio of 18.18 and a beta of 1.13.

Aecon Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Investors of record on Wednesday, October 2nd were issued a $0.19 dividend. The ex-dividend date of this dividend was Friday, September 20th. This represents a $0.76 dividend on an annualized basis and a yield of 2.61%. Aecon Group’s dividend payout ratio 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.