Aecon Group Inc (ARE) Receives C$20.21 Consensus PT from Analysts

Aecon Group Inc (TSE:ARE) has earned a consensus rating of “Hold” from the nine ratings firms that are currently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is C$20.21.

Several equities research analysts have weighed in on ARE shares. National Bank Financial downgraded Aecon Group from an “outperform” rating to a “sector perform” rating and raised their price target for the stock from C$20.00 to C$23.00 in a report on Monday, October 23rd. Raymond James Financial reduced their price objective on Aecon Group from C$21.00 to C$19.00 and set an “outperform” rating for the company in a research note on Monday, October 16th. CIBC cut Aecon Group from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from C$21.00 to C$20.37 in a research note on Friday, October 27th. Desjardins raised their price objective on Aecon Group from C$19.00 to C$20.37 in a research note on Friday, October 27th. Finally, Industrial Alliance Securities cut Aecon Group from a “strong-buy” rating to a “tender” rating and reduced their price objective for the stock from C$20.50 to C$20.37 in a research note on Friday, October 27th.

Shares of Aecon Group (TSE ARE) traded up C$0.13 during midday trading on Monday, reaching C$20.00. The company’s stock had a trading volume of 610,927 shares, compared to its average volume of 344,020. The firm has a market capitalization of $1,180.00, a P/E ratio of 40.00 and a beta of 0.61. Aecon Group has a fifty-two week low of C$14.13 and a fifty-two week high of C$20.04.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Tuesday, January 2nd were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.50%. The ex-dividend date was Thursday, December 21st. Aecon Group’s payout ratio is 98.00%.

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About Aecon Group

Aecon Group Inc provides construction and infrastructure development services to private and public sector clients in Canada, the United States, and internationally. It operates through four segments: Infrastructure, Energy, Mining, and Concessions. The Infrastructure segment is involved in the construction of roads and bridges, and rail and transit systems, as well as in asphalt production and aggregates, municipal construction, commercial site design, and material engineering and design activities.

Analyst Recommendations for Aecon Group (TSE:ARE)

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