Aecon Group Inc. (ARE) to Issue Quarterly Dividend of $0.19 on October 2nd

Aecon Group Inc. (TSE:ARE – Get Free Report) declared a quarterly dividend on Tuesday, September 22nd. Investors of record on Friday, October 2nd will be paid a dividend of 0.1925 per share on Friday, October 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Tuesday, September 22nd.

Aecon Group Stock Up 1.4%

Aecon Group stock opened at C$47.20 on Friday. The stock has a market cap of C$3.23 billion, a PE ratio of -49.68, a P/E/G ratio of 18.18 and a beta of 1.39. The company has a debt-to-equity ratio of 84.23, a current ratio of 1.08 and a quick ratio of 1.27. The stock’s fifty day moving average is C$46.70 and its two-hundred day moving average is C$45.88. Aecon Group has a 1-year low of C$22.28 and a 1-year high of C$57.72.

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Aecon Group (TSE:ARE – Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported C$0.33 earnings per share (EPS) for the quarter. Aecon Group had a negative return on equity of 6.76% and a negative net margin of 1.10%.The business had revenue of C$1.63 billion during the quarter. On average, sell-side analysts expect that Aecon Group will post 1.3793321 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Raymond James Financial upgraded shares of Aecon Group from a “hold” rating to a “moderate buy” rating and increased their price target for the company from C$52.00 to C$60.00 in a research note on Friday, July 3rd. TD lowered their target price on shares of Aecon Group from C$62.00 to C$61.00 and set a “buy” rating for the company in a report on Friday, June 26th. Desjardins increased their target price on shares of Aecon Group from C$55.00 to C$61.00 and gave the company a “hold” rating in a research report on Monday, July 6th. National Bank Financial increased their target price on shares of Aecon Group from C$59.00 to C$65.00 and gave the company an “outperform” rating in a research report on Monday, July 13th. Finally, Canaccord Genuity Group lifted their price target on shares of Aecon Group from C$56.00 to C$57.00 and gave the stock a “buy” rating in a research note on Monday, June 29th. Six investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$55.08.

Read Our Latest Analysis on ARE

About Aecon Group

(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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