Aecon Group (TSE:ARE) Hits New 52-Week High at $14.74

Shares of Aecon Group Inc. (TSE:AREGet Free Report) reached a new 52-week high during trading on Monday . The stock traded as high as C$14.74 and last traded at C$14.70, with a volume of 124353 shares. The stock had previously closed at C$14.59.

Analyst Upgrades and Downgrades

Several research analysts recently commented on ARE shares. Stifel Nicolaus raised their price target on shares of Aecon Group from C$12.00 to C$13.00 and gave the stock a “hold” rating in a research note on Tuesday, February 6th. TD Securities raised their price target on shares of Aecon Group from C$10.50 to C$14.00 and gave the stock a “hold” rating in a research report on Wednesday, January 10th. Finally, CIBC lifted their target price on shares of Aecon Group from C$12.50 to C$18.00 and gave the company a “neutral” rating in a report on Friday, January 12th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Aecon Group currently has a consensus rating of “Hold” and an average target price of C$14.23.

Get Our Latest Analysis on Aecon Group

Aecon Group Price Performance

The stock has a market cap of C$909.40 million, a PE ratio of 6.48, a PEG ratio of 18.18 and a beta of 1.16. The company has a 50-day simple moving average of C$13.81 and a 200-day simple moving average of C$12.05. The company has a debt-to-equity ratio of 32.92, a current ratio of 1.32 and a quick ratio of 1.27.

Aecon Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 3rd. Stockholders of record on Friday, December 22nd were given a $0.185 dividend. This represents a $0.74 dividend on an annualized basis and a dividend yield of 5.03%. The ex-dividend date of this dividend was Thursday, December 21st. Aecon Group’s dividend payout ratio is currently 32.89%.

Insider Activity

In related news, Senior Officer Adam Robert Borgatti sold 10,049 shares of the stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of C$12.07, for a total transaction of C$121,282.39. Company insiders own 1.70% of the company’s stock.

Aecon Group Company Profile

(Get Free Report)

Aecon Group Inc, together with its subsidiaries, provide construction and infrastructure development services to private and public sector clients in Canada, the United States, and internationally. It operates through two segments, Construction and Concessions. The Construction segment focuses primarily on the civil infrastructure, urban transportation systems, nuclear power infrastructure, utility infrastructure, and conventional industrial infrastructure market sectors.

Further Reading

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