Aecon Group Inc. (TSE:ARE) Declares $0.19 Quarterly Dividend

Aecon Group Inc. (TSE:ARE) declared a quarterly dividend on Tuesday, December 24th,TickerTech Dividends reports. Shareholders of record on Friday, January 3rd will be given a dividend of 0.19 per share on Friday, January 3rd. This represents a $0.76 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend is Tuesday, December 24th.

Aecon Group Trading Down 0.1 %

Shares of TSE:ARE opened at C$27.17 on Tuesday. The company has a 50 day moving average of C$26.69 and a 200-day moving average of C$20.71. The company has a current ratio of 1.35, a quick ratio of 1.27 and a debt-to-equity ratio of 32.86. The firm has a market cap of C$1.70 billion, a P/E ratio of -100.63, a P/E/G ratio of 18.18 and a beta of 1.13. Aecon Group has a twelve month low of C$11.80 and a twelve month high of C$29.70.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ARE. National Bank Financial cut Aecon Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 3rd. BMO Capital Markets lifted their target price on Aecon Group from C$27.00 to C$29.00 in a report on Friday, December 6th. Stifel Nicolaus upped their price target on shares of Aecon Group from C$30.00 to C$31.00 in a report on Friday, October 4th. National Bankshares cut shares of Aecon Group from an “outperform” rating to a “sector perform” rating and lifted their price objective for the stock from C$28.00 to C$30.00 in a research note on Wednesday, December 4th. Finally, TD Securities raised Aecon Group from a “hold” rating to a “buy” rating and upped their price target for the company from C$23.00 to C$35.00 in a report on Monday, November 4th. Six investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$27.53.

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.