Aecon Group Inc (TSE:ARE) announced a quarterly dividend on Tuesday, September 12th, Zacks reports. Shareholders of record on Friday, September 22nd will be given a dividend of 0.125 per share on Monday, October 2nd. This represents a $0.50 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date is Thursday, September 21st.
Shares of Aecon Group (TSE ARE) traded down 0.06% on Wednesday, reaching $17.68. 162,953 shares of the company traded hands. Aecon Group has a one year low of $13.07 and a one year high of $18.48. The company has a market capitalization of $1.04 billion and a P/E ratio of 26.51. The firm’s 50 day moving average is $15.96 and its 200 day moving average is $16.03.
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A number of research firms recently weighed in on ARE. TD Securities raised their price objective on Aecon Group from C$19.50 to C$20.00 and gave the company a “buy” rating in a research report on Monday, July 31st. Scotiabank raised their price objective on Aecon Group from C$19.00 to C$21.00 and gave the company an “outperform” rating in a research report on Monday, August 28th. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of C$19.29.
About Aecon Group
Aecon Group Inc is a Canada-based construction and infrastructure development company. It operates through four segments: Infrastructure, Energy, Mining and Concessions. The Infrastructure segment includes all aspects of the construction of both public and private infrastructure in Canada, and on a selected basis, internationally.
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