Aecon Group Inc. (TSE:ARE - Get Free Report) Senior Officer Adam Robert Borgatti purchased 1,000 shares of the stock in a transaction dated Monday, March 10th. The stock was bought at an average cost of C$18.39 per share, with a total value of C$18,391.00.
Aecon Group Stock Up 3.5 %
ARE stock opened at C$17.81 on Friday. Aecon Group Inc. has a 12 month low of C$13.03 and a 12 month high of C$29.70. The company has a current ratio of 1.19, a quick ratio of 1.27 and a debt-to-equity ratio of 32.84. The stock has a market capitalization of C$1.13 billion, a P/E ratio of -17.52, a price-to-earnings-growth ratio of 18.18 and a beta of 1.13. The firm has a 50-day moving average price of C$23.44 and a 200-day moving average price of C$23.88.
Aecon Group Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, April 2nd will be given a $0.19 dividend. 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 dividend payout ratio is presently -74.76%.
Analyst Ratings Changes
ARE has been the subject of several research reports. CIBC dropped their price objective on shares of Aecon Group from C$33.00 to C$30.00 in a report on Friday, March 7th. National Bankshares raised Aecon Group from a "sector perform" rating to an "outperform" rating in a research report on Monday, March 10th. Royal Bank of Canada cut their price target on shares of Aecon Group from C$27.00 to C$20.00 in a research report on Monday, March 10th. Stifel Canada lowered Aecon Group from a "strong-buy" rating to a "hold" rating in a report on Thursday, March 6th. Finally, National Bank Financial raised Aecon Group from a "hold" rating to a "strong-buy" rating in a report on Sunday, March 9th. Six analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of C$25.25.
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About Aecon Group
(
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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.
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