Aecon Group Inc. (TSE:ARE) Director Acquires C$122,953.83 in Stock

Aecon Group Inc. (TSE:ARE) Director Leslie Compton Kass acquired 6,325 shares of the stock in a transaction that occurred on Tuesday, June 10th. The stock was acquired at an average price of C$19.44 per share, for a total transaction of C$122,953.83.

Aecon Group Trading Down 1.4%

TSE:ARE traded down C$0.27 during midday trading on Tuesday, reaching C$19.05. 191,753 shares of the stock traded hands, compared to its average volume of 442,701. The company has a fifty day moving average of C$17.79 and a 200 day moving average of C$21.73. Aecon Group Inc. has a 12 month low of C$13.03 and a 12 month high of C$29.70. The stock has a market capitalization of C$1.21 billion, a P/E ratio of -18.74, 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, April 2nd were paid a dividend of $0.19 per share. The ex-dividend date was Friday, March 21st. This represents a $0.76 annualized dividend and a dividend yield of 3.99%. Aecon Group’s dividend payout ratio (DPR) is presently -74.76%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ARE. BMO Capital Markets dropped their price target on Aecon Group from C$20.00 to C$19.00 in a research report on Friday, April 25th. Raymond James lowered their price objective on shares of Aecon Group from C$23.00 to C$21.00 in a research report on Monday, April 28th. Stifel Nicolaus cut their target price on shares of Aecon Group from C$16.00 to C$14.00 in a research report on Friday, April 25th. Stifel Canada upgraded Aecon Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 17th. Finally, National Bank Financial raised Aecon Group from a “hold” rating to a “strong-buy” rating in a research note on Sunday, March 9th. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Aecon Group has a consensus rating of “Buy” and a consensus price target of C$22.90.

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.