Aecon Group (TSE:ARE) Price Target Lowered to C$14.00 at ATB Capital

Aecon Group (TSE:AREGet Rating) had its price objective reduced by ATB Capital from C$18.25 to C$14.00 in a research note released on Tuesday morning, Marketbeat Ratings reports.

ARE has been the subject of several other research reports. Stifel Nicolaus lowered their target price on shares of Aecon Group from C$14.00 to C$11.00 in a research note on Tuesday. CIBC lowered their target price on shares of Aecon Group from C$16.00 to C$14.00 in a research note on Tuesday. National Bankshares lowered their target price on shares of Aecon Group from C$18.00 to C$13.00 and set a sector perform rating for the company in a research note on Tuesday. Raymond James lowered their price target on shares of Aecon Group from C$21.00 to C$17.00 and set an outperform rating for the company in a research report on Tuesday. Finally, Royal Bank of Canada lowered their price target on shares of Aecon Group from C$18.00 to C$16.00 and set a sector perform rating for the company in a research report on Thursday, July 21st. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Aecon Group presently has an average rating of Hold and a consensus target price of C$15.41.

Aecon Group Stock Down 2.7 %

Shares of TSE:ARE opened at C$10.80 on Tuesday. The company has a current ratio of 1.45, a quick ratio of 1.32 and a debt-to-equity ratio of 95.83. The company has a fifty day simple moving average of C$13.32 and a 200 day simple moving average of C$15.22. The firm has a market cap of C$658.31 million and a PE ratio of 13.50. Aecon Group has a 12-month low of C$10.57 and a 12-month high of C$22.28.

Aecon Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 5th. Shareholders of record on Tuesday, July 5th were issued a $0.185 dividend. This represents a $0.74 dividend on an annualized basis and a yield of 6.85%. The ex-dividend date was Thursday, June 23rd. Aecon Group’s payout ratio is 90.00%.

About Aecon Group

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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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