Aecon Group Inc. (TSE:ARE) Receives C$55.08 Average Target Price from Analysts

Aecon Group Inc. (TSE:AREGet Free Report) has been given an average rating of “Moderate Buy” by the eleven research firms that are presently covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is C$55.08.

A number of analysts recently commented on ARE shares. TD decreased their price target on Aecon Group from C$62.00 to C$61.00 and set a “buy” rating for the company in a research report on Friday, June 26th. National Bank Financial boosted their price objective on Aecon Group from C$59.00 to C$65.00 and gave the stock an “outperform” rating in a research report on Monday, July 13th. Desjardins upped their price objective on Aecon Group from C$55.00 to C$61.00 and gave the company a “hold” rating in a research note on Monday, July 6th. Canaccord Genuity Group raised their target price on Aecon Group from C$56.00 to C$57.00 and gave the company a “buy” rating in a research report on Monday, June 29th. Finally, Stifel Nicolaus upgraded Aecon Group from a “hold” rating to a “buy” rating and lifted their target price for the stock from C$46.00 to C$54.00 in a research note on Friday, June 26th.

Check Out Our Latest Research Report on ARE

Insider Transactions at Aecon Group

In related news, Director Scott Stewart acquired 4,455 shares of the stock in a transaction on Friday, August 28th. The shares were acquired at an average price of C$44.89 per share, with a total value of C$199,984.95. Following the completion of the transaction, the director owned 24,484 shares in the company, valued at approximately C$1,099,086.76. The trade was a 22.24% increase in their position. Also, insider Steven Neil Nackan sold 4,500 shares of Aecon Group stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of C$45.55, for a total transaction of C$204,975.00. Following the completion of the sale, the insider directly owned 8,035 shares in the company, valued at approximately C$365,994.25. This represents a 35.90% decrease in their position. Insiders have sold 7,500 shares of company stock valued at $343,875 in the last 90 days. 0.82% of the stock is currently owned by corporate insiders.

Aecon Group Trading Down 4.1%

Shares of ARE stock opened at C$44.61 on Friday. Aecon Group has a 52-week low of C$22.28 and a 52-week high of C$57.72. The company has a debt-to-equity ratio of 84.23, a quick ratio of 1.27 and a current ratio of 1.08. The company has a 50-day simple moving average of C$47.17 and a two-hundred day simple moving average of C$45.61. The company has a market capitalization of C$3.06 billion, a price-to-earnings ratio of -46.96, a PEG ratio of 18.18 and a beta of 1.39.

Aecon Group (TSE:AREGet Free Report) last posted its earnings results on Thursday, July 30th. The company reported C$0.33 EPS for the quarter. Aecon Group had a negative net margin of 1.10% and a negative return on equity of 6.76%. The firm had revenue of C$1.63 billion for the quarter. Research analysts anticipate that Aecon Group will post 1.3793321 EPS for the current fiscal year.

Aecon Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 3rd. Investors of record on Friday, July 3rd were issued a dividend of $0.1925 per share. This represents a $0.77 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Tuesday, June 23rd. Aecon Group’s dividend payout ratio (DPR) is -80.53%.

Aecon Group Company Profile

(Get Free Report)

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. Aecon generates the majority of its revenue from the Construction segment.

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Analyst Recommendations for Aecon Group (TSE:ARE)

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