Aecon Group (TSE:ARE) Price Target Raised to C$16.00

Aecon Group (TSE:ARE – Get Rating) had its target price hoisted by TD Securities from C$12.50 to C$16.00 in a research report sent to investors on Thursday morning, BayStreet.CA reports. They currently have a hold rating on the stock.

A number of other equities research analysts have also commented on ARE. Royal Bank of Canada upped their price objective on shares of Aecon Group from C$11.00 to C$12.00 and gave the company a sector perform rating in a research note on Thursday, March 2nd. Canaccord Genuity Group upped their price objective on shares of Aecon Group from C$11.00 to C$14.00 in a research note on Thursday. Laurentian set a C$11.50 price objective on shares of Aecon Group and gave the company a hold rating in a research note on Monday, January 16th. Stifel Nicolaus upped their price objective on shares of Aecon Group from C$11.00 to C$11.50 in a research note on Thursday, March 2nd. Finally, ATB Capital upgraded shares of Aecon Group from a sector perform rating to an outperform rating and boosted their target price for the company from C$14.00 to C$16.00 in a research report on Thursday, March 2nd. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of Hold and a consensus price target of C$13.45.

Aecon Group Trading Down 0.2 %

TSE:ARE opened at C$13.42 on Thursday. The firm’s fifty day moving average is C$11.19 and its 200-day moving average is C$10.33. The company has a debt-to-equity ratio of 95.29, a quick ratio of 1.27 and a current ratio of 1.27. Aecon Group has a 52 week low of C$8.29 and a 52 week high of C$17.25. The firm has a market cap of C$825.87 million, a P/E ratio of 29.82, a P/E/G ratio of 18.18 and a beta of 1.03.

Aecon Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 4th. Investors of record on Tuesday, April 4th will be given a dividend of $0.185 per share. The ex-dividend date of this dividend is Thursday, March 23rd. This represents a $0.74 dividend on an annualized basis and a dividend yield of 5.51%. Aecon Group’s payout ratio is presently 164.44%.

Aecon Group Company Profile

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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 primarily on the civil infrastructure, urban transportation systems, nuclear power infrastructure, utility infrastructure, and conventional industrial infrastructure market sectors.