Aecon Group Inc. (TSE:ARE – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$22.04 and traded as high as C$24.52. Aecon Group shares last traded at C$24.40, with a volume of 67,524 shares traded.
Analyst Ratings Changes
Several analysts have recently commented on the company. National Bankshares downgraded Aecon Group from an “outperform” rating to a “sector perform” rating and increased their price objective for the stock from C$28.00 to C$30.00 in a research note on Wednesday, December 4th. TD Securities upgraded shares of Aecon Group from a “hold” rating to a “buy” rating and boosted their target price for the company from C$23.00 to C$35.00 in a research note on Monday, November 4th. National Bank Financial downgraded Aecon Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 3rd. CIBC lifted their price objective on shares of Aecon Group from C$29.00 to C$35.00 in a research note on Friday, December 13th. Finally, Stifel Nicolaus upped their price target on Aecon Group from C$30.00 to C$31.00 in a research report on Friday, October 4th. Six research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Aecon Group presently has a consensus rating of “Moderate Buy” and an average price target of C$27.53.
Check Out Our Latest Analysis on ARE
Aecon Group Trading Down 0.4 %
Aecon Group Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, January 3rd were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 3.11%. The ex-dividend date was Tuesday, December 24th. Aecon Group’s dividend payout ratio is presently -281.48%.
About Aecon Group
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 on civil infrastructure, urban transportation solutions, nuclear power infrastructure, utility infrastructure, and conventional industrial infrastructure market sectors.
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