Aecon Group Inc. (TSE:ARE) Receives C$27.53 Consensus PT from Brokerages

Aecon Group Inc. (TSE:ARE) has been given a consensus recommendation of “Moderate Buy” by the thirteen analysts that are presently covering the stock, Marketbeat reports. Six analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is C$27.53.

Several equities research analysts have recently issued reports on ARE shares. Canaccord Genuity Group raised their price objective on shares of Aecon Group from C$28.00 to C$33.00 in a research note on Monday, November 4th. National Bankshares lowered shares of Aecon Group from an “outperform” rating to a “sector perform” rating and raised their price target for the stock from C$28.00 to C$30.00 in a research report on Wednesday, December 4th. Stifel Nicolaus upped their price objective on shares of Aecon Group from C$30.00 to C$31.00 in a research report on Friday, October 4th. CIBC lifted their target price on Aecon Group from C$29.00 to C$35.00 in a research report on Friday, December 13th. Finally, TD Securities upgraded Aecon Group from a “hold” rating to a “buy” rating and boosted their price target for the company from C$23.00 to C$35.00 in a research note on Monday, November 4th.

Aecon Group Price Performance

Shares of TSE:ARE opened at C$27.40 on Thursday. The company has a market cap of C$1.71 billion, a price-to-earnings ratio of -101.48, a PEG ratio of 18.18 and a beta of 1.13. The business has a 50 day moving average price of C$26.78 and a 200 day moving average price of C$20.79. 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 has a twelve month low of C$11.80 and a twelve month high of C$29.70.

Aecon Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, January 3rd will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, December 24th. This represents a $0.76 annualized dividend and a yield of 2.77%. Aecon Group’s dividend payout ratio is currently -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.