Brokerages Set Aecon Group Inc. (TSE:ARE) Target Price at C$52.29

Aecon Group Inc. (TSE:ARE) has been assigned an average recommendation of “Hold” from the eleven research firms that are covering the stock, Marketbeat reports. Seven equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$52.29.

Several brokerages recently issued reports on ARE. ATB Cormark Capital Markets raised their target price on Aecon Group from C$42.00 to C$49.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 30th. BMO Capital Markets increased their price target on Aecon Group from C$45.00 to C$49.00 and gave the stock a “market perform” rating in a report on Wednesday, April 29th. National Bank Financial increased their price target on Aecon Group from C$48.00 to C$59.00 and gave the stock an “outperform” rating in a report on Thursday, April 30th. Royal Bank Of Canada increased their price target on Aecon Group from C$44.00 to C$49.00 and gave the stock a “sector perform” rating in a report on Thursday, April 30th. Finally, Jefferies Financial Group increased their price target on Aecon Group from C$49.00 to C$59.00 in a report on Monday, April 27th.

Insider Buying and Selling

In other Aecon Group news, Director Eric Stuart Rosenfeld sold 125,000 shares of Aecon Group stock in a transaction dated Friday, March 27th. The stock was sold at an average price of C$41.64, for a total transaction of C$5,205,000.00. Following the completion of the transaction, the director owned 184,200 shares in the company, valued at approximately C$7,670,088. The trade was a 40.43% decrease in their position. 0.82% of the stock is owned by insiders.

Aecon Group Trading Up 1.0%

Shares of ARE stock opened at C$54.99 on Friday. The stock’s fifty day moving average price is C$43.16 and its two-hundred day moving average price is C$35.36. The company has a market cap of C$3.77 billion, a PE ratio of 99.98, a P/E/G ratio of 18.18 and a beta of 1.16. Aecon Group has a fifty-two week low of C$17.06 and a fifty-two week high of C$56.08. The company has a debt-to-equity ratio of 42.80, a quick ratio of 1.27 and a current ratio of 1.16.

Aecon Group (TSE:ARE) last announced its quarterly earnings results on Tuesday, April 28th. The company reported C($0.21) EPS for the quarter. Aecon Group had a net margin of 0.62% and a return on equity of 3.71%. The firm had revenue of C$1.26 billion during the quarter. Equities analysts predict that Aecon Group will post 1.3793321 EPS for the current fiscal year.

Aecon Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 2nd. Investors of record on Thursday, April 2nd were given a $0.1925 dividend. This represents a $0.77 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Monday, March 23rd. Aecon Group’s payout ratio is presently 138.64%.

About Aecon Group

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. Aecon generates the majority of its revenue from the Construction segment.