Aecon Group Inc (ARE) Receives C$19.36 Consensus Price Target from Brokerages

Shares of Aecon Group Inc (TSE:ARE) have been assigned an average recommendation of “Buy” from the nine research firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is C$19.36.

ARE has been the subject of several research analyst reports. Royal Bank Of Canada reissued a “sector perform” rating on shares of Aecon Group in a report on Tuesday, May 9th. Raymond James Financial, Inc. reissued an “outperform” rating and issued a C$19.00 price target on shares of Aecon Group in a report on Friday, March 17th. Desjardins boosted their price target on shares of Aecon Group from C$18.00 to C$19.00 in a report on Thursday, March 9th. CIBC boosted their price target on shares of Aecon Group from C$19.00 to C$20.00 in a report on Thursday, March 9th. Finally, Scotiabank boosted their price target on shares of Aecon Group from C$18.00 to C$19.00 and gave the company an “outperform” rating in a report on Thursday, March 9th.

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In related news, Director Jenah Susan Wolburgh bought 2,000 shares of Aecon Group stock in a transaction that occurred on Friday, May 19th. The stock was purchased at an average cost of C$15.20 per share, with a total value of C$30,400.00.

Shares of Aecon Group (ARE) traded up 2.29% during mid-day trading on Tuesday, hitting $15.64. The stock had a trading volume of 300,923 shares. The stock has a market capitalization of $915.32 million and a price-to-earnings ratio of 19.80. Aecon Group has a 12-month low of $13.07 and a 12-month high of $19.19. The stock’s 50-day moving average price is $15.49 and its 200-day moving average price is $15.96.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 4th. Investors of record on Tuesday, July 4th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date of this dividend is Wednesday, June 21st.

Aecon Group Company Profile

Aecon Group Inc is a Canada-based construction and infrastructure development company. It operates through four segments: Infrastructure, Energy, Mining and Concessions. The Infrastructure segment includes all aspects of the construction of both public and private infrastructure in Canada, and on a selected basis, internationally.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “TSX:ARE”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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