Brokerages Set Aecon Group Inc. (ARE) Price Target at $20.36

Aecon Group Inc. (TSE:ARE) has received an average rating of “Hold” from the nine ratings firms that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is C$20.36.

Separately, AltaCorp Capital restated an “underperform” rating on shares of Aecon Group in a report on Tuesday, March 20th.

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Aecon Group stock traded up C$0.05 during mid-day trading on Friday, hitting C$18.27. 2,800 shares of the company were exchanged, compared to its average volume of 218,647. Aecon Group has a 12-month low of C$14.13 and a 12-month high of C$20.06.

Aecon Group (TSE:ARE) last released its quarterly earnings results on Tuesday, March 6th. The company reported C$0.33 earnings per share for the quarter. The company had revenue of C$685.00 million during the quarter, compared to the consensus estimate of C$824.90 million. Aecon Group had a return on equity of 13.31% and a net margin of 3.24%.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 2nd. Stockholders of record on Friday, March 23rd were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.74%. The ex-dividend date was Thursday, March 22nd.

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About Aecon Group

Aecon Group Inc provides construction and infrastructure development services to private and public sector clients in Canada, the United States, and internationally. It operates through four segments: Infrastructure, Energy, Mining, and Concessions. The Infrastructure segment is involved in the construction of roads and bridges, and rail and transit systems, as well as in asphalt production and aggregates, municipal construction, commercial site design, and material engineering and design activities.

Analyst Recommendations for Aecon Group (TSE:ARE)

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