Aecon Group (TSE:ARE) Upgraded by TD Securities to Buy Rating

TD Securities upgraded shares of Aecon Group (TSE:ARE) from a hold rating to a buy rating in a research report report published on Monday, BayStreet.CA reports. The brokerage currently has C$35.00 price objective on the stock, up from their prior price objective of C$23.00.

Other equities analysts also recently issued reports about the company. CIBC lifted their target price on Aecon Group from C$25.00 to C$29.00 in a research report on Monday. BMO Capital Markets lowered their price objective on Aecon Group from C$17.50 to C$16.50 in a research report on Wednesday, July 24th. Royal Bank of Canada raised their target price 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 29th. National Bank Financial raised shares of Aecon Group from a “hold” rating to a “strong-buy” rating in a report on Sunday, July 28th. Finally, Stifel Nicolaus increased their price objective on shares of Aecon Group from C$30.00 to C$31.00 in a research note on Friday, October 4th. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$25.94.

Aecon Group Trading Up 3.9 %

Shares of Aecon Group stock opened at C$28.59 on Monday. Aecon Group has a 1-year low of C$10.30 and a 1-year high of C$28.63. The company’s fifty day simple moving average is C$20.83 and its 200-day simple moving average is C$17.95. The company has a debt-to-equity ratio of 32.86, a current ratio of 1.35 and a quick ratio of 1.27. The stock has a market capitalization of C$1.79 billion, a PE ratio of -105.89, a P/E/G ratio of 18.18 and a beta of 1.13.

Aecon Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Investors of record on Wednesday, October 2nd were paid a dividend of $0.19 per share. The ex-dividend date was Friday, September 20th. This represents a $0.76 annualized dividend and a yield of 2.66%. Aecon Group’s payout ratio is -281.48%.

Insiders Place Their Bets

In other news, Senior Officer Timothy John Murphy acquired 4,244 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was purchased at an average price of C$17.66 per share, for a total transaction of C$74,969.84. Corporate insiders own 0.82% of the company’s stock.

Aecon Group Company Profile

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 on civil infrastructure, urban transportation solutions, nuclear power infrastructure, utility infrastructure, and conventional industrial infrastructure market sectors.