Aecon Group Inc. (TSE:ARE) Senior Officer Adam Robert Borgatti Buys 1,000 Shares

Aecon Group Inc. (TSE:ARE) Senior Officer Adam Robert Borgatti bought 1,000 shares of Aecon Group stock in a transaction dated Monday, March 10th. The stock was acquired at an average cost of C$18.39 per share, for a total transaction of C$18,391.00.

Aecon Group Stock Performance

Shares of Aecon Group stock opened at C$17.81 on Monday. The firm has a fifty day moving average of C$23.25 and a two-hundred day moving average of C$23.92. The stock has a market capitalization of C$1.13 billion, a price-to-earnings ratio of -17.52, a PEG ratio of 18.18 and a beta of 1.13. Aecon Group Inc. has a 52 week low of C$13.03 and a 52 week high of C$29.70. 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 Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, April 2nd will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 4.27%. The ex-dividend date is Friday, March 21st. Aecon Group’s payout ratio is -74.76%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. National Bankshares raised Aecon Group from a “sector perform” rating to an “outperform” rating in a report on Monday, March 10th. Raymond James reduced their price objective on Aecon Group from C$28.00 to C$23.00 and set a “market perform” rating on the stock in a report on Friday, March 7th. Stifel Nicolaus downgraded Aecon Group from a “buy” rating to a “hold” rating and reduced their price objective for the stock from C$31.00 to C$19.00 in a report on Friday, March 7th. BMO Capital Markets reduced their price objective on Aecon Group from C$29.00 to C$24.00 in a report on Friday, March 7th. Finally, National Bank Financial raised Aecon Group from a “hold” rating to a “strong-buy” rating in a report on Sunday, March 9th. Six equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$25.25.

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.