Aecon Group Inc (TSE:ARE) has earned a consensus rating of “Buy” from the eleven analysts that are currently covering the company. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$20.94.
Several brokerages have recently commented on ARE. Paradigm Capital increased their price objective on Aecon Group from C$18.75 to C$19.25 in a research report on Wednesday, July 6th. Desjardins increased their price objective on Aecon Group from C$20.00 to C$21.00 and gave the company a “buy” rating in a research report on Thursday, August 4th. CIBC increased their price objective on Aecon Group from C$19.00 to C$20.00 in a research report on Friday, August 5th. Scotiabank increased their price objective on Aecon Group from C$18.00 to C$21.00 and gave the company an “outperform” rating in a research report on Friday, August 5th. Finally, TD Securities raised their price target on Aecon Group from C$19.00 to C$22.00 and gave the stock a “buy” rating in a research report on Friday, August 5th.
Aecon Group (TSE:ARE) traded up 0.17% during trading on Monday, hitting $17.79. The company had a trading volume of 206,382 shares. The stock has a market capitalization of $1.02 billion and a price-to-earnings ratio of 18.40. Aecon Group has a 1-year low of $12.75 and a 1-year high of $19.19. The company’s 50 day moving average price is $18.13 and its 200-day moving average price is $17.57.
The firm also recently disclosed a quarterly dividend, which was paid on Saturday, October 1st. Shareholders of record on Saturday, October 1st were issued a $0.115 dividend. This represents a $0.46 annualized dividend and a yield of 2.59%. The ex-dividend date was Wednesday, September 21st.
In other news, Director John Michael Beck sold 96,094 shares of the firm’s stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of C$18.87, for a total value of C$1,813,293.78.
Aecon Group Company Profile
Aecon Group Inc is a construction and infrastructure development company. The Company operates through four segments: Infrastructure, Energy, Mining and Concessions. The Infrastructure segment includes all aspects of the construction of both public and private infrastructure in Canada, and on a selected basis, internationally.
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