Aecon Group Inc. (TSE:ARE) Receives C$33.00 Consensus Target Price from Brokerages

Shares of Aecon Group Inc. (TSE:ARE) have earned a consensus recommendation of “Moderate Buy” from the thirteen brokerages that are covering the stock, MarketBeat.com reports. Eight analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is C$33.00.

Several research firms have weighed in on ARE. Cibc Captl Mkts cut Aecon Group from a “strong-buy” rating to a “hold” rating in a report on Friday, October 31st. TD Securities upped their price objective on shares of Aecon Group from C$34.00 to C$39.00 and gave the stock a “buy” rating in a research report on Sunday, November 2nd. BMO Capital Markets lifted their target price on shares of Aecon Group from C$25.00 to C$30.00 in a research report on Friday, October 31st. ATB Capital cut shares of Aecon Group from an “outperform” rating to a “sector perform” rating and boosted their price target for the stock from C$28.00 to C$32.00 in a research note on Friday, October 31st. Finally, Stifel Nicolaus raised their price objective on shares of Aecon Group from C$24.00 to C$30.00 in a research report on Friday, October 31st.

Aecon Group Stock Down 0.5%

ARE opened at C$28.41 on Friday. The firm has a market capitalization of C$1.80 billion, a P/E ratio of 202.93, a price-to-earnings-growth ratio of 18.18 and a beta of 1.51. Aecon Group has a one year low of C$15.21 and a one year high of C$35.10. The company has a fifty day moving average price of C$25.16 and a 200-day moving average price of C$21.46. The company has a debt-to-equity ratio of 32.84, a current ratio of 1.19 and a quick ratio of 1.27.

Aecon Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Thursday, October 2nd were given a $0.19 dividend. The ex-dividend date was Monday, September 22nd. This represents a $0.76 annualized dividend and a yield of 2.7%. Aecon Group’s payout ratio is 542.86%.

Aecon Group Company Profile

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.