Aecon Group (TSE:ARE) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Aecon Group Inc. (TSE:ARE)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$23.20 and traded as high as C$23.52. Aecon Group shares last traded at C$23.29, with a volume of 188,090 shares.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. National Bank Financial downgraded shares of Aecon Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 3rd. Canaccord Genuity Group increased their price objective on shares of Aecon Group from C$28.00 to C$33.00 in a research note on Monday, November 4th. Raymond James increased their target price on shares of Aecon Group from C$24.00 to C$28.00 in a report on Tuesday, November 5th. CIBC dropped their target price on shares of Aecon Group from C$35.00 to C$33.00 in a report on Monday, February 3rd. Finally, National Bankshares cut shares of Aecon Group from an “outperform” rating to a “sector perform” rating and increased their target price for the stock from C$28.00 to C$30.00 in a report on Wednesday, December 4th. Six equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Aecon Group currently has an average rating of “Moderate Buy” and an average price target of C$27.35.

Aecon Group Trading Down 0.4 %

The business’s fifty day moving average is C$25.60 and its 200-day moving average is C$23.26. The firm has a market cap of C$1.47 billion, a P/E ratio of -22.91, a price-to-earnings-growth ratio of 18.18 and a beta of 1.13. The company has a debt-to-equity ratio of 32.84, a quick ratio of 1.27 and a current ratio of 1.19.

Aecon Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, January 3rd were issued a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, December 24th. This represents a $0.76 dividend on an annualized basis and a yield of 3.26%. Aecon Group’s dividend payout ratio (DPR) is presently -74.76%.

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.