Aecon Group Inc. (TSE:ARE) Senior Officer Buys C$74,969.84 in Stock

Aecon Group Inc. (TSE:ARE) Senior Officer Timothy John Murphy acquired 4,244 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were purchased at an average cost of C$17.66 per share, for a total transaction of C$74,969.84.

Aecon Group Stock Performance

TSE ARE opened at C$17.54 on Monday. The company’s 50 day moving average is C$15.89 and its 200-day moving average is C$15.95. The firm has a market cap of C$1.09 billion, a P/E ratio of 8.16, a price-to-earnings-growth ratio of 18.18 and a beta of 1.19. Aecon Group Inc. has a 12-month low of C$8.42 and a 12-month high of C$17.68. The company has a quick ratio of 1.27, a current ratio of 1.50 and a debt-to-equity ratio of 28.71.

Aecon Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Friday, September 20th will be issued a dividend of $0.19 per share. The ex-dividend date is Friday, September 20th. This represents a $0.76 dividend on an annualized basis and a yield of 4.33%. Aecon Group’s payout ratio is 35.35%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on ARE shares. ATB Capital boosted their target price on Aecon Group from C$19.50 to C$21.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. BMO Capital Markets cut their price objective on Aecon Group from C$17.50 to C$16.50 in a research report on Wednesday, July 24th. CIBC lowered their target price on Aecon Group from C$23.00 to C$22.00 in a research note on Thursday, July 11th. Stifel Canada upgraded shares of Aecon Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 25th. Finally, TD Securities lowered their price objective on shares of Aecon Group from C$17.00 to C$16.00 and set a “hold” rating on the stock in a research report on Friday, July 26th. Five investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$19.62.

Aecon Group Company Profile

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.