Adam Robert Borgatti Purchases 1,000 Shares of Aecon Group Inc. (TSE:ARE) Stock

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

Aecon Group Stock Performance

TSE ARE opened at C$17.81 on Friday. Aecon Group Inc. has a 1 year low of C$13.03 and a 1 year high of C$29.70. The company has a debt-to-equity ratio of 32.84, a current ratio of 1.19 and a quick ratio of 1.27. The firm has a market cap of C$1.13 billion, a price-to-earnings ratio of -17.52, a PEG ratio of 18.18 and a beta of 1.13. The company has a fifty day moving average price of C$23.25 and a 200-day moving average price of C$23.88.

Aecon Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, April 2nd will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, March 21st. This represents a $0.76 annualized dividend and a yield of 4.27%. Aecon Group’s payout ratio is currently -74.76%.

Analyst Upgrades and Downgrades

A number of analysts have commented on ARE shares. Stifel Nicolaus lowered shares of Aecon Group from a “buy” rating to a “hold” rating and decreased their price target for the company from C$31.00 to C$19.00 in a research note on Friday, March 7th. National Bank Financial upgraded shares of Aecon Group from a “hold” rating to a “strong-buy” rating in a research note on Sunday, March 9th. CIBC decreased their price target on shares of Aecon Group from C$33.00 to C$30.00 in a research note on Friday, March 7th. Raymond James decreased their price target on shares of Aecon Group from C$28.00 to C$23.00 and set a “market perform” rating for the company in a research note on Friday, March 7th. Finally, Royal Bank of Canada decreased their price target on shares of Aecon Group from C$27.00 to C$20.00 in a research note on Monday, March 10th. Six research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Aecon Group has an average rating of “Moderate Buy” and a consensus target price of C$25.25.

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.