Aecon Group Inc. Declares Quarterly Dividend of $0.19 (TSE:ARE)

Aecon Group Inc. (TSE:ARE) announced a quarterly dividend on Monday, June 23rd, TickerTech Dividends reports. Stockholders of record on Thursday, July 3rd will be given a dividend of 0.19 per share on Thursday, July 3rd. This represents a $0.76 annualized dividend and a dividend yield of 3.84%. The ex-dividend date of this dividend is Monday, June 23rd.

Aecon Group Trading Down 2.1%

ARE stock opened at C$19.78 on Friday. The company’s 50-day simple moving average is C$18.26 and its 200-day simple moving average is C$21.25. The company has a quick ratio of 1.27, a current ratio of 1.19 and a debt-to-equity ratio of 32.84. Aecon Group has a 52-week low of C$13.03 and a 52-week high of C$29.70. The firm has a market cap of C$1.25 billion, a P/E ratio of -19.46, a PEG ratio of 18.18 and a beta of 1.13.

Insider Buying and Selling at Aecon Group

In other news, Director Leslie Compton Kass purchased 6,325 shares of the business’s stock in a transaction dated Tuesday, June 10th. The stock was acquired at an average price of C$19.44 per share, for a total transaction of C$122,953.83. Also, Director Scott William Thon purchased 10,500 shares of the business’s stock in a transaction dated Tuesday, June 3rd. The shares were purchased at an average price of C$19.21 per share, with a total value of C$201,705.00. In the last quarter, insiders acquired 21,825 shares of company stock worth $419,159. Insiders own 0.82% of the company’s stock.

Analysts Set New Price Targets

ARE has been the topic of a number of research reports. Stifel Canada raised shares of Aecon Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 17th. CIBC decreased their price target on shares of Aecon Group from C$31.00 to C$24.00 in a research note on Friday, April 25th. Stifel Nicolaus decreased their price target on shares of Aecon Group from C$16.00 to C$14.00 in a research note on Friday, April 25th. Royal Bank Of Canada decreased their price target on shares of Aecon Group from C$18.00 to C$17.00 in a research note on Friday, April 25th. Finally, National Bankshares raised shares of Aecon Group from a “sector perform” rating to an “outperform” rating in a research note on Monday, March 10th. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of C$22.90.

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.