Analysts Set Aecon Group Inc. (TSE:ARE) Price Target at C$25.94

Shares of Aecon Group Inc. (TSE:ARE) have been given a consensus rating of “Moderate Buy” by the thirteen ratings firms that are covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is C$25.94.

ARE has been the subject of several analyst reports. CIBC raised their price target on shares of Aecon Group from C$25.00 to C$29.00 in a report on Monday, November 4th. Raymond James lifted their target price on shares of Aecon Group from C$24.00 to C$28.00 in a research note on Tuesday, November 5th. BMO Capital Markets upped their price target on shares of Aecon Group from C$16.50 to C$27.00 in a research report on Monday, November 4th. TD Securities upgraded Aecon Group from a “hold” rating to a “buy” rating and increased their price target for the stock from C$23.00 to C$35.00 in a report on Monday, November 4th. Finally, Canaccord Genuity Group boosted their price objective on Aecon Group from C$28.00 to C$33.00 in a research note on Monday, November 4th.

Aecon Group Trading Up 1.4 %

Shares of ARE stock opened at C$29.54 on Friday. The stock has a 50-day moving average of C$23.94 and a 200-day moving average of C$19.20. The company has a current ratio of 1.35, a quick ratio of 1.27 and a debt-to-equity ratio of 32.86. The stock has a market cap of C$1.84 billion, a price-to-earnings ratio of -109.41, a PEG ratio of 18.18 and a beta of 1.13. Aecon Group has a 1-year low of C$11.15 and a 1-year high of C$29.70.

Aecon Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Investors of record on Wednesday, October 2nd were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date was Friday, September 20th. Aecon Group’s dividend payout ratio (DPR) is currently -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.