Aecon Group (TSE:ARE) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Aecon Group (TSE:ARE) had its target price lifted by Canaccord Genuity Group from C$28.00 to C$33.00 in a research report sent to investors on Monday, BayStreet.CA reports.

Other research analysts have also recently issued research reports about the stock. CIBC upped their target price on shares of Aecon Group from C$25.00 to C$29.00 in a research report on Monday. Stifel Canada raised Aecon Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 25th. National Bankshares upgraded Aecon Group from a “sector perform” rating to an “outperform” rating and raised their target price for the company from C$17.00 to C$20.50 in a research report on Monday, July 29th. Royal Bank of Canada boosted their price target on Aecon Group from C$13.00 to C$17.00 and gave the stock a “sector perform” rating in a research report on Monday, July 29th. Finally, Raymond James raised their price target on Aecon Group from C$16.00 to C$24.00 and gave the company a “market perform” rating in a report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$25.94.

Aecon Group Stock Performance

Shares of ARE opened at C$28.59 on Monday. The company has a debt-to-equity ratio of 32.86, a quick ratio of 1.27 and a current ratio of 1.35. Aecon Group has a 1 year low of C$10.30 and a 1 year high of C$28.63. The firm has a fifty day moving average of C$20.83 and a 200-day moving average of C$17.95. The company has a market cap of C$1.79 billion, a price-to-earnings ratio of -105.89, a price-to-earnings-growth ratio of 18.18 and a beta of 1.13.

Aecon Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Wednesday, October 2nd were given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 2.66%. The ex-dividend date was Friday, September 20th. Aecon Group’s dividend payout ratio (DPR) is presently -281.48%.

Insider Buying and Selling at Aecon Group

In other Aecon Group news, Senior Officer Timothy John Murphy acquired 4,244 shares of the stock in a transaction dated Thursday, August 8th. The shares were bought at an average price of C$17.66 per share, with a total value of C$74,969.84. 0.82% of the stock is owned by corporate insiders.

About Aecon Group

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.