Aecon Group (TSE:ARE) Upgraded by TD Securities to “Buy” Rating

TD Securities upgraded shares of Aecon Group (TSE:ARE) from a hold rating to a buy rating in a research report report published on Monday morning, BayStreet.CA reports. They currently have C$35.00 target price on the stock, up from their prior target price of C$23.00.

Other equities analysts have also recently issued research reports about the company. Raymond James lifted their target price on Aecon Group from C$16.00 to C$24.00 and gave the stock a “market perform” rating in a report on Wednesday, October 30th. National Bank Financial raised shares of Aecon Group from a “hold” rating to a “strong-buy” rating in a research note on Sunday, July 28th. CIBC increased their target price on shares of Aecon Group from C$25.00 to C$29.00 in a research note on Monday. Royal Bank of Canada raised their target price on shares of Aecon Group from C$13.00 to C$17.00 and gave the stock a “sector perform” rating in a report on Monday, July 29th. Finally, Stifel Canada upgraded shares of Aecon Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 25th. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Aecon Group presently has an average rating of “Moderate Buy” and a consensus target price of C$25.94.

Aecon Group Stock Up 3.9 %

Shares of TSE:ARE opened at C$28.59 on Monday. The company has a market cap of C$1.79 billion, a price-to-earnings ratio of -105.89, a PEG ratio of 18.18 and a beta of 1.13. Aecon Group has a 12 month low of C$10.30 and a 12 month high of C$28.63. The company has a current ratio of 1.35, a quick ratio of 1.27 and a debt-to-equity ratio of 32.86. The company has a 50-day moving average price of C$20.83 and a 200 day moving average price of C$17.95.

Aecon Group Dividend Announcement

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

Insider Activity at Aecon Group

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

Aecon Group Company Profile

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.