Aecon Group (TSE:ARE) Given New C$30.00 Price Target at TD Securities

Aecon Group (TSE:ARE) had its price target trimmed by TD Securities from C$35.00 to C$30.00 in a report released on Friday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

ARE has been the subject of a number of other reports. Desjardins reduced their price objective on shares of Aecon Group from C$32.00 to C$29.00 and set a “buy” rating for the company in a research note on Friday. CIBC reduced their price target on shares of Aecon Group from C$35.00 to C$33.00 in a research report on Monday, February 3rd. National Bank Financial lowered shares of Aecon Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 3rd. BMO Capital Markets increased their price target on shares of Aecon Group from C$27.00 to C$29.00 in a research report on Friday, December 6th. Finally, National Bankshares lowered shares of Aecon Group from an “outperform” rating to a “sector perform” rating and increased their price target for the stock from C$28.00 to C$30.00 in a research report on Wednesday, December 4th. Seven equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$24.98.

Aecon Group Price Performance

ARE stock opened at C$17.96 on Friday. The company has a current ratio of 1.19, a quick ratio of 1.27 and a debt-to-equity ratio of 32.84. Aecon Group has a one year low of C$13.03 and a one year high of C$29.70. The firm has a market capitalization of C$1.14 billion, a PE ratio of -17.67, a P/E/G ratio of 18.18 and a beta of 1.13. The firm has a 50-day moving average of C$24.38 and a two-hundred day moving average of C$23.88.

Aecon Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors 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 4.23%. Aecon Group’s dividend payout ratio is currently -74.76%.

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.