Aecon Group Inc. (TSE:ARE) Stock Has Consensus Target Price of C$55.08 According to Analysts

Aecon Group Inc. (TSE:ARE – Get Free Report) has earned a consensus recommendation of “Moderate Buy” from the eleven research firms that are currently covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is C$55.08.

Several equities analysts have commented on ARE shares. Canaccord Genuity Group increased their target price on shares of Aecon Group from C$56.00 to C$57.00 and gave the stock a “buy” rating in a research report on Monday, June 29th. Desjardins raised 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. Stifel Nicolaus upgraded Aecon Group from a “hold” rating to a “buy” rating and boosted their target price for the stock from C$46.00 to C$54.00 in a report on Friday, June 26th. TD decreased their target price 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. Finally, National Bank Financial increased their price target on Aecon Group from C$59.00 to C$65.00 and gave the company an “outperform” rating in a report on Monday, July 13th.

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Insider Activity at Aecon Group

In other news, Director Scott Stewart bought 4,455 shares of the stock in a transaction dated 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 acquisition, the director owned 24,484 shares in the company, valued at C$1,099,086.76. This trade represents a 22.24% increase in their ownership of the stock. Also, insider Steven Neil Nackan sold 4,500 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of C$45.55, for a total value of C$204,975.00. Following the completion of the transaction, the insider directly owned 8,035 shares in the company, valued at C$365,994.25. The trade was a 35.90% decrease in their ownership of the stock. Insiders have sold a total of 7,500 shares of company stock valued at $343,875 in the last 90 days. 0.82% of the stock is owned by corporate insiders.

Aecon Group Price Performance

Shares of ARE stock opened at C$59.17 on Wednesday. Aecon Group has a 1 year low of C$23.93 and a 1 year high of C$59.96. 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 business’s fifty day moving average is C$47.15 and its 200-day moving average is C$46.90. The stock has a market cap of C$4.05 billion, a PE ratio of -62.28, a price-to-earnings-growth ratio of 18.18 and a beta of 1.16.

Aecon Group (TSE:ARE – Get Free Report) last issued its earnings results 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 for the quarter. Equities analysts expect that Aecon Group will post 1.3793321 earnings per share for the current fiscal year.

Aecon Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, October 2nd were paid a $0.1925 dividend. The ex-dividend date was Tuesday, September 22nd. This represents a $0.77 dividend on an annualized basis and a dividend yield of 1.3%. Aecon Group’s dividend payout ratio is currently -80.53%.

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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