Aecon Group Inc. (ARE) To Go Ex-Dividend on March 21st

Aecon Group Inc. (TSE:ARE) declared a quarterly dividend on Friday, March 21st, TickerTech Dividends reports. Investors of record on Wednesday, April 2nd will be given a dividend of 0.19 per share on Wednesday, April 2nd. This represents a $0.76 dividend on an annualized basis and a yield of 4.25%. The ex-dividend date is Friday, March 21st.

Aecon Group Stock Down 0.6 %

Aecon Group stock opened at C$17.89 on Wednesday. Aecon Group has a twelve month low of C$13.03 and a twelve month high of C$29.70. The stock has a 50 day moving average of C$22.95 and a two-hundred day moving average of C$23.92. The company has a current ratio of 1.19, a quick ratio of 1.27 and a debt-to-equity ratio of 32.84. The stock has a market capitalization of C$1.13 billion, a price-to-earnings ratio of -17.60, a PEG ratio of 18.18 and a beta of 1.13.

Insider Activity at Aecon Group

In related news, Director Stuart Lee purchased 5,700 shares of the company’s stock in a transaction on Monday, March 10th. The stock was bought at an average price of C$18.35 per share, with a total value of C$104,595.00. 0.82% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have weighed in on ARE shares. TD Securities decreased their price objective on Aecon Group from C$35.00 to C$30.00 and set a “buy” rating for the company in a research report on Friday, March 7th. Raymond James decreased their price objective on Aecon Group from C$28.00 to C$23.00 and set a “market perform” rating for the company in a research report on Friday, March 7th. National Bankshares raised Aecon Group from a “sector perform” rating to an “outperform” rating in a research report on Monday, March 10th. CIBC decreased their price objective on Aecon Group from C$33.00 to C$30.00 in a research report on Friday, March 7th. Finally, Stifel Nicolaus cut Aecon Group from a “buy” rating to a “hold” rating and decreased their price objective for the stock from C$31.00 to C$19.00 in a research report on Friday, March 7th. Six investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$25.25.

Aecon Group Company Profile

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.