Aecon Group Inc. (TSE:ARE – Free Report) Senior Officer Timothy John Murphy purchased 4,244 shares of Aecon Group stock on Thursday, August 8. The shares were purchased at an average price of $17.66 per share, for a total value of $74,969.84.
Aecon Group share price development
ARE traded down C$0.13 during trading hours on Friday, reaching C$17.54. The trading volume of the company’s shares was 284,721 shares, compared to its average volume of 310,625. The company’s 50-day moving average price is C$15.89 and its 200-day moving average price is C$15.92. Aecon Group Inc. has a 12-month low of C$8.42 and a 12-month high of C$17.68. The stock has a market cap of C$1.09 billion, a price-to-earnings ratio of 8.16, a PEG ratio of 18.18 and a beta of 1.19. The company has a current ratio of 1.50, a quick ratio of 1.27 and a debt-to-equity ratio of 28.71.
Aecon Group Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Friday, September 20th will receive a dividend of $0.19 per share. This represents an annualized dividend of $0.76 and a yield of 4.33%. The ex-dividend date is Friday, September 20th. Aecon Group’s dividend payout ratio (DPR) is 35.35%.
Changes in analyst ratings
ARE has been the subject of a number of analyst reports. National Bankshares upgraded their rating on shares of Aecon Group from “sector perform” to “outperform” and raised their price target for the company from C$17.00 to C$20.50 in a research note on Monday, July 29. Stifel Nicolaus upgraded their rating on shares of Aecon Group from “hold” to “buy” and raised their price target for the stock from C$16.50 to C$25.00 in a research note on Friday, July 26. ATB Capital raised their price target on shares of Aecon Group from C$19.50 to C$21.00 and gave the stock an “outperform” rating in a research note on Friday, April 26. BMO Capital Markets decreased their price target on shares of Aecon Group from C$17.50 to C$16.50 in a research note on Wednesday, July 24. Finally, Royal Bank of Canada increased their price target on shares of Aecon Group from C$13.00 to C$17.00 and gave the stock a “sector perform” rating in a research note on Monday, July 29. Five investment analysts have rated the stock a “hold,” six have rated it a “buy,” and two have given it a “strong buy.” According to MarketBeat, the company has an average rating of “moderate buy” and a consensus price target of C$19.62.
Check out our latest analysis on Aecon Group
About Aecon Group
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Aecon Group Inc., together with its subsidiaries, provides construction and infrastructure development services to private and public clients in Canada, the United States and internationally. The company operates in two segments: Construction and Concessions. The Construction segment focuses on the market sectors of civil infrastructure, urban transportation solutions, nuclear power plant infrastructure, utility infrastructure and conventional industrial infrastructure.
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