Aecon Group Inc (ARE) Stock Rating Reaffirmed by Raymond James Financial, Inc.
Aecon Group Inc (TSE:ARE)‘s stock had its “outperform” rating reissued by investment analysts at Raymond James Financial, Inc. in a research note issued on Friday. They presently have a C$19.00 price target on the stock. Raymond James Financial, Inc.’s price target indicates a potential upside of 10.14% from the stock’s previous close.
ARE has been the subject of a number of other reports. CIBC boosted their target price on shares of Aecon Group from C$17.00 to C$19.00 and gave the company an “outperform” rating in a research note on Wednesday, January 18th. Royal Bank of Canada reiterated a “sector perform” rating and set a C$17.00 target price on shares of Aecon Group in a research note on Wednesday, March 8th. Desjardins boosted their target price on shares of Aecon Group from C$18.00 to C$19.00 in a research note on Thursday, March 9th. TD Securities set a C$19.50 target price on shares of Aecon Group and gave the company a “buy” rating in a research note on Thursday, March 9th. Finally, Scotiabank boosted their target price on shares of Aecon Group from C$18.00 to C$19.00 and gave the company an “outperform” rating in a research note on Thursday, March 9th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of C$19.32.
Shares of Aecon Group (TSE:ARE) opened at 17.25 on Friday. The company has a market cap of $998.14 million and a price-to-earnings ratio of 22.09. Aecon Group has a 1-year low of $13.07 and a 1-year high of $19.19. The company’s 50-day moving average price is $16.50 and its 200 day moving average price is $16.28.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 3rd. Stockholders of record on Monday, April 3rd will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.90%. This is a positive change from Aecon Group’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Wednesday, March 22nd.
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Aecon Group Company Profile
Aecon Group Inc is a Canada-based construction and infrastructure development company. It operates through four segments: Infrastructure, Energy, Mining and Concessions. The Infrastructure segment includes all aspects of the construction of both public and private infrastructure in Canada, and on a selected basis, internationally.
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