Aecon Group (TSE:ARE) Upgraded by National Bankshares to Outperform Rating

National Bankshares upgraded shares of Aecon Group (TSE:ARE) from a sector perform rating to an outperform rating in a research note released on Monday,BayStreet.CA reports.

A number of other research analysts have also recently weighed in on ARE. TD Securities reduced their target price on Aecon Group from C$35.00 to C$30.00 and set a “buy” rating on the stock in a report on Friday, March 7th. CIBC reduced their target price on Aecon Group from C$33.00 to C$30.00 in a report on Friday, March 7th. Stifel Nicolaus cut Aecon Group from a “buy” rating to a “hold” rating and reduced their target price for the company from C$31.00 to C$19.00 in a report on Friday, March 7th. Royal Bank of Canada reduced their target price on Aecon Group from C$27.00 to C$20.00 in a report on Monday. Finally, Raymond James reduced their target price on Aecon Group from C$28.00 to C$23.00 and set a “market perform” rating on the stock in a report on Friday, March 7th. Six research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$25.25.

Aecon Group Stock Performance

Aecon Group stock opened at C$17.72 on Monday. The company has a market capitalization of C$1.12 billion, a price-to-earnings ratio of -17.43, a PEG ratio of 18.18 and a beta of 1.13. The company has a debt-to-equity ratio of 32.84, a quick ratio of 1.27 and a current ratio of 1.19. Aecon Group has a fifty-two week low of C$13.03 and a fifty-two week high of C$29.70. The stock has a fifty day moving average of C$23.83 and a two-hundred day moving average of C$23.93.

Aecon Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, January 3rd were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.29%. The ex-dividend date of this dividend was Tuesday, December 24th. Aecon Group’s dividend payout ratio is presently -74.76%.

Insiders Place Their Bets

In other Aecon Group news, Director Stuart Lee bought 5,700 shares of the company’s stock in a transaction dated Monday, March 10th. The shares were acquired at an average cost of C$18.35 per share, with a total value of C$104,595.00. 0.82% of the stock is currently owned by insiders.

About Aecon Group

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.