Aecon Group (TSE:ARE) Price Target Raised to C$27.00 at BMO Capital Markets

Aecon Group (TSE:ARE) had its target price boosted by BMO Capital Markets from C$16.50 to C$27.00 in a report issued on Monday morning, BayStreet.CA reports.

Several other analysts have also issued reports on the stock. CIBC boosted their price objective on shares of Aecon Group from C$25.00 to C$29.00 in a report on Monday. Stifel Canada upgraded shares of Aecon Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 25th. Raymond James increased their price objective on shares of Aecon Group from C$16.00 to C$24.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 30th. National Bank Financial raised Aecon Group from a “hold” rating to a “strong-buy” rating in a research report on Sunday, July 28th. Finally, TD Securities upgraded Aecon Group from a “hold” rating to a “buy” rating and raised their price target for the stock from C$23.00 to C$35.00 in a research report on Monday. 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, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$25.94.

Aecon Group Price Performance

ARE stock opened at C$28.59 on Monday. Aecon Group has a 52-week low of C$10.30 and a 52-week high of C$28.63. The company has a quick ratio of 1.27, a current ratio of 1.35 and a debt-to-equity ratio of 32.86. The stock 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. The business has a fifty day moving average of C$20.83 and a two-hundred day moving average of C$17.95.

Aecon Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Investors of record on Wednesday, October 2nd were paid a $0.19 dividend. The ex-dividend date was Friday, September 20th. This represents a $0.76 dividend on an annualized basis and a yield of 2.66%. Aecon Group’s dividend payout ratio is currently -281.48%.

Insider Buying and Selling at Aecon Group

In other news, Senior Officer Timothy John Murphy acquired 4,244 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was acquired at an average cost of C$17.66 per share, with a total value of C$74,969.84. Insiders own 0.82% of the company’s stock.

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.