Aecon Group Inc (ARE) Stock Rating Reaffirmed by Raymond James Financial, Inc.

Aecon Group Inc (TSE:ARE)‘s stock had its “outperform” rating restated by investment analysts at Raymond James Financial, Inc. in a research report issued on Friday. They currently have a C$19.00 target price on the stock. Raymond James Financial, Inc.’s target price suggests a potential upside of 10.14% from the stock’s previous close.

Several other research firms have also issued reports on ARE. TD Securities set a C$19.50 price target on shares of Aecon Group and gave the stock a “buy” rating in a report on Thursday, March 9th. CIBC lifted their price target on shares of Aecon Group from C$17.00 to C$19.00 and gave the stock an “outperform” rating in a report on Wednesday, January 18th. Paradigm Capital lifted their price target on shares of Aecon Group from C$18.00 to C$19.00 in a report on Thursday, March 9th. Scotiabank lifted their price target on shares of Aecon Group from C$18.00 to C$19.00 and gave the stock an “outperform” rating in a report on Thursday, March 9th. Finally, Desjardins lifted their price objective on shares of Aecon Group from C$18.00 to C$19.00 in a research note on Thursday, March 9th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Aecon Group presently has an average rating of “Buy” and an average target price of C$19.32.

Analyst Recommendations for Aecon Group (TSE:ARE)

Shares of Aecon Group (TSE:ARE) opened at 17.25 on Friday. The stock has a market capitalization of $998.14 million and a price-to-earnings ratio of 22.09. Aecon Group has a 1-year low of $13.07 and a 1-year high of $19.19. The stock has a 50 day moving average price of $16.50 and a 200 day moving average price of $16.28.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 3rd. Investors of record on Monday, April 3rd will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Wednesday, March 22nd. This is an increase from Aecon Group’s previous quarterly dividend of $0.12. This represents a $0.50 dividend on an annualized basis and a yield of 2.90%.

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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.

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