Aecon Group (TSE:ARE – Free Report) had its price objective cut by BMO Capital Markets from C$29.00 to C$24.00 in a research note published on Friday morning,BayStreet.CA reports.
ARE has been the topic of a number of other research reports. National Bank Financial cut Aecon Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 3rd. National Bankshares cut Aecon Group from an “outperform” rating to a “sector perform” rating and upped their price target for the company from C$28.00 to C$30.00 in a research report on Wednesday, December 4th. TD Securities dropped their price target on Aecon Group from C$35.00 to C$30.00 and set a “buy” rating on the stock in a research report on Friday. Desjardins dropped their price target on Aecon Group from C$32.00 to C$29.00 and set a “buy” rating on the stock in a research report on Friday. Finally, CIBC decreased their price objective on Aecon Group from C$33.00 to C$30.00 in a research note on Friday. Seven analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$24.98.
Check Out Our Latest Stock Report on Aecon Group
Aecon Group Stock Down 3.9 %
Aecon Group Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, January 3rd were paid 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 4.23%. Aecon Group’s dividend payout ratio is currently -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.
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