Aecon Group Inc. (TSE:ARE) Receives C$24.91 Consensus PT from Analysts

Shares of Aecon Group Inc. (TSE:ARE) have been given a consensus rating of “Buy” by the nine brokerages that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold recommendation, six have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is C$24.91.

Several equities research analysts have recently weighed in on ARE shares. BMO Capital Markets increased their target price on shares of Aecon Group from C$19.00 to C$22.00 in a research note on Tuesday, July 22nd. Canaccord Genuity Group lifted their target price on Aecon Group from C$25.00 to C$29.00 in a research note on Monday, October 6th. Stifel Nicolaus boosted their target price on Aecon Group from C$19.00 to C$24.00 and gave the company a “hold” rating in a report on Monday, October 6th. National Bankshares increased their price target on Aecon Group from C$23.00 to C$26.00 and gave the stock an “outperform” rating in a report on Wednesday, September 24th. Finally, TD Securities boosted their price objective on shares of Aecon Group from C$22.00 to C$23.00 and gave the company a “buy” rating in a research note on Tuesday, August 5th.

Aecon Group Stock Up 0.2%

Shares of TSE:ARE opened at C$24.49 on Wednesday. Aecon Group has a 1-year low of C$15.21 and a 1-year high of C$29.70. The company has a debt-to-equity ratio of 32.84, a current ratio of 1.19 and a quick ratio of 1.27. The stock has a market cap of C$1.56 billion, a P/E ratio of 58.31, a P/E/G ratio of 18.18 and a beta of 1.48. The firm has a fifty day moving average price of C$22.43 and a 200 day moving average price of C$20.05.

Aecon Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Thursday, October 2nd were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Monday, September 22nd. Aecon Group’s dividend payout ratio is currently 180.95%.

About Aecon Group

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.