Aecon Group (TSE:ARE) Given New C$13.00 Price Target at Royal Bank of Canada

Aecon Group (TSE:AREGet Rating) had its target price trimmed by Royal Bank of Canada from C$16.00 to C$13.00 in a research report report published on Tuesday morning, BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

Several other equities research analysts have also recently weighed in on ARE. Raymond James decreased their price target on Aecon Group from C$21.00 to C$17.00 and set an outperform rating for the company in a research note on Tuesday. National Bankshares cut their price target on Aecon Group from C$18.00 to C$13.00 and set a sector perform rating on the stock in a report on Tuesday. ATB Capital dropped their target price on Aecon Group from C$18.25 to C$14.00 in a report on Tuesday. Stifel Nicolaus dropped their target price on Aecon Group from C$14.00 to C$11.00 in a report on Tuesday. Finally, CIBC decreased their target price on Aecon Group from C$16.00 to C$14.00 in a research report on Tuesday. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of Hold and an average target price of C$15.41.

Aecon Group Price Performance

Shares of ARE stock opened at C$10.80 on Tuesday. The company has a quick ratio of 1.32, a current ratio of 1.45 and a debt-to-equity ratio of 95.83. Aecon Group has a twelve month low of C$10.57 and a twelve month high of C$22.28. The company has a market cap of C$658.31 million and a P/E ratio of 13.50. The business has a fifty day simple moving average of C$13.32 and a 200 day simple moving average of C$15.22.

Aecon Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 5th. Shareholders of record on Tuesday, July 5th were issued a dividend of $0.185 per share. This represents a $0.74 annualized dividend and a dividend yield of 6.85%. The ex-dividend date was Thursday, June 23rd. Aecon Group’s dividend payout ratio (DPR) is presently 90.00%.

About Aecon Group

(Get Rating)

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 primarily on the civil infrastructure, urban transportation systems, nuclear power infrastructure, utility infrastructure, and conventional industrial infrastructure market sectors.

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