Insider Selling: Aecon Group Inc (ARE) Director Sells 48,800 Shares of Stock
Aecon Group Inc (TSE:ARE) Director John Michael Beck sold 48,800 shares of the business’s stock in a transaction that occurred on Thursday, September 13th. The stock was sold at an average price of C$16.66, for a total value of C$813,008.00.
John Michael Beck also recently made the following trade(s):
- On Monday, September 17th, John Michael Beck sold 20,922 shares of Aecon Group stock. The stock was sold at an average price of C$16.51, for a total value of C$345,422.22.
Shares of Aecon Group stock opened at C$17.00 on Friday. Aecon Group Inc has a 1-year low of C$14.27 and a 1-year high of C$20.06.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 1st. Investors of record on Friday, September 21st were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date was Thursday, September 20th.
Several research analysts have recently weighed in on the company. Raymond James restated a “c$15.39” rating and set a C$20.50 target price on shares of Aecon Group in a report on Thursday, July 19th. Royal Bank of Canada boosted their target price on Aecon Group from C$17.00 to C$18.00 and gave the stock a “sector perform” rating in a report on Thursday. TD Securities boosted their target price on Aecon Group from C$20.00 to C$21.00 and gave the stock a “buy” rating in a report on Monday, July 30th. AltaCorp Capital upgraded Aecon Group from an “underperform” rating to a “sector perform” rating in a report on Monday, July 30th. Finally, Desjardins restated a “buy” rating on shares of Aecon Group in a report on Wednesday, September 26th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of C$20.56.
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.
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