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

Shares of Aecon Group Inc. (TSE:ARE) have been given a consensus recommendation of “Moderate Buy” by the thirteen brokerages that are covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$25.94.

ARE has been the subject of a number of research reports. CIBC upped their price objective on Aecon Group from C$25.00 to C$29.00 in a report on Monday, November 4th. Raymond James increased their price target on shares of Aecon Group from C$24.00 to C$28.00 in a research report on Tuesday, November 5th. Canaccord Genuity Group boosted their price objective on shares of Aecon Group from C$28.00 to C$33.00 in a report on Monday, November 4th. BMO Capital Markets lifted their target price on shares of Aecon Group from C$16.50 to C$27.00 in a research report on Monday, November 4th. Finally, ATB Capital upped their price target on shares of Aecon Group from C$21.00 to C$29.00 and gave the company an “outperform” rating in a research report on Monday, September 16th.

Aecon Group Stock Performance

Aecon Group stock opened at C$29.02 on Friday. Aecon Group has a fifty-two week low of C$11.19 and a fifty-two week high of C$29.70. The firm’s fifty day moving average price is C$24.32 and its 200-day moving average price is C$19.37. The stock has a market cap of C$1.81 billion, a P/E ratio of -106.07, a price-to-earnings-growth ratio of 18.18 and a beta of 1.13. The company has a debt-to-equity ratio of 32.86, a quick ratio of 1.27 and a current ratio of 1.35.

Aecon Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Investors of record on Wednesday, October 2nd were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Friday, September 20th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.62%. Aecon Group’s dividend payout ratio is presently -281.48%.

About Aecon Group

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.