Aecon Group Inc. (TSE:ARE - Get Free Report) insider Steven Neil Nackan sold 1,000 shares of the business's stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of C$47.02, for a total transaction of C$47,020.00. Following the transaction, the insider owned 13,535 shares in the company, valued at approximately C$636,415.70. This trade represents a 6.88% decrease in their ownership of the stock.
Steven Neil Nackan also recently made the following trade(s):
- On Thursday, August 6th, Steven Neil Nackan sold 1,000 shares of Aecon Group stock. The stock was sold at an average price of C$47.72, for a total transaction of C$47,720.00.
Aecon Group Price Performance
Shares of TSE:ARE opened at C$47.23 on Wednesday. The company has a quick ratio of 1.27, a current ratio of 1.08 and a debt-to-equity ratio of 84.23. The company has a 50-day moving average price of C$47.31 and a 200 day moving average price of C$44.66. Aecon Group Inc. has a 52 week low of C$19.81 and a 52 week high of C$57.72. The company has a market cap of C$3.24 billion, a P/E ratio of -49.72, a PEG ratio of 18.18 and a beta of 1.41.
Aecon Group (TSE:ARE - Get Free Report) last issued its earnings results on Thursday, July 30th. The company reported C$0.33 earnings per share (EPS) for the quarter. The business had revenue of C$1.63 billion during the quarter. Aecon Group had a negative return on equity of 6.76% and a negative net margin of 1.10%. Research analysts predict that Aecon Group Inc. will post 1.3793321 earnings per share for the current year.
Aecon Group Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 3rd. Shareholders of record on Friday, July 3rd were given a $0.1925 dividend. The ex-dividend date was Tuesday, June 23rd. This represents a $0.77 annualized dividend and a yield of 1.6%. Aecon Group's dividend payout ratio is presently -80.53%.
Analyst Upgrades and Downgrades
Several brokerages have commented on ARE. Jefferies Financial Group boosted their target price on shares of Aecon Group from C$49.00 to C$59.00 in a research report on Monday, April 27th. National Bank Financial increased their price target on shares of Aecon Group from C$59.00 to C$65.00 and gave the company an "outperform" rating in a report on Monday, July 13th. Royal Bank Of Canada raised their price objective on shares of Aecon Group from C$44.00 to C$49.00 and gave the company a "sector perform" rating in a research note on Thursday, April 30th. Stifel Nicolaus raised shares of Aecon Group from a "hold" rating to a "buy" rating and boosted their price objective for the stock from C$46.00 to C$54.00 in a report on Friday, June 26th. Finally, Canaccord Genuity Group boosted their price objective on shares of Aecon Group from C$56.00 to C$57.00 and gave the stock a "buy" rating in a report on Monday, June 29th. Six analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of C$55.08.
Check Out Our Latest Stock Analysis on Aecon Group
About Aecon Group
(
Get Free Report)
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. Aecon generates the majority of its revenue from the Construction segment.
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