Aecon Group Inc. (TSE:ARE) to Issue Quarterly Dividend of $0.19

Aecon Group Inc. (TSE:ARE) announced a quarterly dividend on Tuesday, December 24th,TickerTech Dividends reports. Stockholders of record on Friday, January 3rd will be paid a dividend of 0.19 per share on Friday, January 3rd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date is Tuesday, December 24th.

Aecon Group Stock Performance

Shares of TSE ARE opened at C$27.40 on Wednesday. The stock’s fifty day simple moving average is C$26.78 and its 200 day simple moving average is C$20.79. The stock has a market capitalization of C$1.71 billion, a price-to-earnings ratio of -101.48, a PEG ratio of 18.18 and a beta of 1.13. The company has a quick ratio of 1.27, a current ratio of 1.35 and a debt-to-equity ratio of 32.86. Aecon Group has a 52-week low of C$11.80 and a 52-week high of C$29.70.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ARE. Canaccord Genuity Group lifted their price target on Aecon Group from C$28.00 to C$33.00 in a research note on Monday, November 4th. BMO Capital Markets lifted their target price on shares of Aecon Group from C$27.00 to C$29.00 in a research report on Friday, December 6th. Raymond James upped their price target on shares of Aecon Group from C$24.00 to C$28.00 in a research report on Tuesday, November 5th. National Bank Financial cut shares of Aecon Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 3rd. Finally, TD Securities upgraded Aecon Group from a “hold” rating to a “buy” rating and increased their target price for the company from C$23.00 to C$35.00 in a report on Monday, November 4th. Six analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$27.53.

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.