Aecon Group Inc. (TSE:ARE) Senior Officer Adam Robert Borgatti Acquires 1,000 Shares

Aecon Group Inc. (TSE:ARE) Senior Officer Adam Robert Borgatti purchased 1,000 shares of the company’s stock in a transaction dated Monday, March 10th. The shares were acquired at an average price of C$18.39 per share, for a total transaction of C$18,391.00.

Aecon Group Price Performance

Shares of Aecon Group stock traded up C$0.61 during mid-day trading on Friday, reaching C$17.81. 504,528 shares of the stock traded hands, compared to its average volume of 457,459. The stock has a market capitalization of C$1.13 billion, a PE ratio of -17.52, a PEG ratio of 18.18 and a beta of 1.13. The business has a 50-day moving average of C$23.44 and a 200 day moving average of C$23.88. Aecon Group Inc. has a fifty-two week low of C$13.03 and a fifty-two week high of C$29.70. The company has a quick ratio of 1.27, a current ratio of 1.19 and a debt-to-equity ratio of 32.84.

Aecon Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders 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 4.27%. Aecon Group’s payout ratio is currently -74.76%.

Wall Street Analysts Forecast Growth

ARE has been the topic of a number of research analyst reports. Raymond James dropped their price objective on shares of Aecon Group from C$28.00 to C$23.00 and set a “market perform” rating on the stock in a report on Friday, March 7th. Royal Bank of Canada reduced their price target on Aecon Group from C$27.00 to C$20.00 in a research report on Monday. Stifel Canada cut shares of Aecon Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 6th. BMO Capital Markets decreased their price objective on shares of Aecon Group from C$29.00 to C$24.00 in a research report on Friday, March 7th. Finally, Desjardins dropped their target price 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, March 7th. Six analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$25.25.

About Aecon Group

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.