Research Analysts’ Weekly Ratings Updates for Aecon Group (ARE)

Several analysts have recently updated their ratings and price targets for Aecon Group (TSE: ARE):

• 11/5/2024 – Aecon Group had its price target raised by analysts at Raymond James from C$24.00 to C$28.00.
• 11/4/2024 – Aecon Group was upgraded by analysts at TD Securities from a “hold” rating to a “buy” rating. They now have a C$35.00 price target on the stock, up previously from C$23.00.
• 11/4/2024 – Aecon Group had its price target raised by analysts at BMO Capital Markets from C$16.50 to C$27.00.
• 11/4/2024 – Aecon Group had its price target raised by analysts at Canaccord Genuity Group Inc. from C$28.00 to C$33.00.
• 11/4/2024 – Aecon Group had its price target raised by analysts at CIBC from C$25.00 to C$29.00.
• 10/30/2024 – Aecon Group had its price target raised by analysts at Raymond James from C$16.00 to C$24.00. They now have a “market perform” rating on the stock.
• 10/16/2024 – Aecon Group had its price target raised by analysts at CIBC from C$22.00 to C$25.00. They now have an “outperform” rating on the stock.
• 10/4/2024 – Aecon Group had its price target raised by analysts at Stifel Nicolaus from C$30.00 to C$31.00.
• 9/23/2024 – Aecon Group had its price target raised by analysts at Canaccord Genuity Group Inc. from C$25.00 to C$28.00. They now have a “buy” rating on the stock.
• 9/16/2024 – Aecon Group had its price target raised by analysts at ATB Capital from C$21.00 to C$29.00. They now have an “outperform” rating on the stock.

Aecon Group Trading Down 1.0 %

Shares of TSE ARE opened at C$28.00 on Wednesday. The company’s fifty day moving average is C$22.06 and its 200-day moving average is C$18.44. The stock has a market cap of C$1.75 billion, a price-to-earnings ratio of -103.70, a P/E/G ratio of 18.18 and a beta of 1.13. Aecon Group Inc. has a twelve month low of C$10.76 and a twelve month high of C$29.50. The company has a quick ratio of 1.27, a current ratio of 1.35 and a debt-to-equity ratio of 32.86.

Aecon Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Wednesday, October 2nd were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Friday, September 20th. This represents a $0.76 annualized dividend and a dividend yield of 2.71%. Aecon Group’s dividend payout ratio is presently -281.48%.

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.