|Bid||18.95 x 0|
|Ask||19.10 x 0|
|Day's Range||18.90 - 19.14|
|52 Week Range||14.27 - 20.06|
|Beta (3Y Monthly)||-0.30|
|PE Ratio (TTM)||21.72|
|Earnings Date||May 4, 2017 - May 5, 2017|
|Forward Dividend & Yield||0.50 (2.54%)|
|1y Target Est||22.05|
The announcement follows Mr. Tobin's appointment as Vice-Chair of BMO Financial Group. Mr. Tobin joined Aecon's board in 2005, most recently serving as Lead Director. "In his 13 years serving on the board, Brian has brought a wealth of experience and dedication to Aecon.
Aecon joint venture awarded contract for Second Narrows Water Supply Tunnel project in British Columbia
NEW YORK, NY / ACCESSWIRE / October 26, 2018 / Research Driven Investing strives to provide investors with free daily equity research reports analyzing major market events. Take a few minutes to register ...
Aecon reports third quarter 2018 results including strong revenue and profit growth, as well as record backlog of $7.0 billion
VANCOUVER/SINGAPORE (Reuters) - The approval on Tuesday of a massive liquefied natural gas export (LNG) terminal in Canada is being touted as the return of the mega-project, ending a lean period where low energy prices and oversupply concerns kept investors from taking big risks. The C$40 billion ($31 billion) LNG Canada project led by Royal Dutch Shell (RDSa.L) was given the go-ahead by the Anglo-Dutch giant and its partners, making it the fuel's first major new project to win approval in recent years. Construction will start immediately, with first shipments of the super-chilled fuel expected before 2025, aiming to feed surging demand from Asian buyers, primarily China.
Oct 2 (Reuters) - Canadian Prime Minister Justin Trudeau, speaking at a news conference about the LNG Canada project: * CANADA COMMITTING C$275 MILLION RELATED TO LNG CANADA INFRASTRUCTURE, MARINE PROTECTION, ...
Aecon awarded pipeline construction contract by TransCanada for Coastal GasLink Pipeline project in British Columbia
TORONTO , Oct. 1, 2018 /CNW/ - Aecon Group Inc. ("Aecon" or the "Company") (ARE.TO) today announced that it successfully closed the issuance of an additional $24 million aggregate principal amount of 5.0% convertible unsecured subordinated debentures due December 31, 2023 (the "Debentures") pursuant to the full exercise of the over-allotment option granted to the syndicate of underwriters led by TD Securities Inc. and CIBC Capital Markets in connection with the Company's recent public offering of $160 million aggregate principal amount of Debentures that closed on September 26, 2018 , bringing the total aggregate gross proceeds from the offering to $184 million . Aecon Group Inc. (ARE.TO) is a Canadian leader and partner-of-choice in construction and infrastructure development. Aecon provides integrated turnkey services to private and public-sector clients in the Infrastructure and Industrial sectors, and provides project management, financing and development services through its Concessions segment.
TORONTO , Sept. 28, 2018 /CNW/ - Aecon Group Inc. (ARE.TO) announced today that Bridging North America has reached financial close on the previously disclosed Gordie Howe International Bridge project. Bridging North America was previously selected as preferred proponent by Windsor-Detroit Bridge Authority (WDBA), the Canadian Crown corporation responsible for the project. The consortium is comprised of Aecon, ACS Infrastructure Canada Inc. and Fluor Canada Ltd. Bridging North America will design, build, finance, operate and maintain the Gordie Howe International Bridge through a Public-Private Partnership (P3).
TORONTO , Sept. 26, 2018 /CNW/ - Aecon Group Inc. ("Aecon" or the "Company") (ARE.TO) today announced that it has completed its previously announced public offering of $160 million aggregate principal amount of 5.0% convertible unsecured subordinated debentures due December 31, 2023 (the "Debentures"). The Debentures will commence trading today on the Toronto Stock Exchange under the symbol "ARE.DB.C". The offering of Debentures was completed on a bought deal basis through a syndicate of underwriters co-led by TD Securities Inc. and CIBC Capital Markets.
NEW YORK, NY / ACCESSWIRE / September 24, 2018 / Research Driven Investing strives to provide investors with free daily equity research reports analyzing major market events. Take a few minutes to register ...
Aecon Group Inc. (“Aecon” or the “Company”) (ARE.TO) today announced that it has entered into an agreement with a syndicate of underwriters co-led by TD Securities Inc. and CIBC Capital Markets pursuant to which the underwriters will purchase, on a bought deal basis, $160 million aggregate principal amount of convertible unsecured subordinated debentures at a price of $1,000 per debenture (the “Debentures”). Aecon has also granted the underwriters an over-allotment option to purchase up to an additional $24 million aggregate principal amount of Debentures, exercisable in whole or in part for a period of 30 days following closing of the offering, to cover over-allotments, if any. The Debentures will mature on December 31, 2023 (the “Maturity Date”) and will accrue interest at the rate of 5.00% per annum payable on a semi-annual basis.
NEW YORK, NY / ACCESSWIRE / August 23, 2018 / Research Driven Investing strives to provide investors with free daily equity research reports analyzing major market events. Take a few minutes to register ...
TORONTO , Aug. 15, 2018 /CNW/ - Aecon Group Inc. (ARE.TO) announced today that it has received approval to rejoin Bridging North America, the team selected as the Preferred Proponent to design, build, finance, operate and maintain the Gordie Howe International Bridge through a public-private partnership. Aecon will rejoin its partners, ACS Infrastructure Canada Inc., Dragados Canada Inc. and Fluor Canada as a member of the Bridging North America consortium. "This is an important project for Canada and the United States ," said John M. Beck , President and Chief Executive Officer, Aecon Group Inc. "The Gordie Howe International Bridge project fits well into Aecon's existing portfolio of projects.
TORONTO , July 30, 2018 /CNW/ - Aecon Group Inc. (ARE.TO) announced today that Mikisew Aecon Limited Partnership, a newly formed joint venture between Aecon (49%) and Mikisew Group of Companies (Mikisew Cree First Nation) (51%), has been awarded a Master Service Agreement (MSA) by Fort Hills Energy L.P. for work on the Fort Hills oil sands project located approximately 90 kilometres north of Fort McMurray, Alberta . The Fort Hills oil sands project is operated by Suncor.
Aecon reports second quarter 2018 results, including strong revenue, margin and profit growth, as well as record backlog of $6.4 billion
TORONTO , July 23, 2018 /CNW/ - Aecon Group Inc. (ARE.TO) announced today that its Board of Directors has appointed Jean-Louis Servranckx (pronounced Servranx) as the Company's President and Chief Executive Officer, effective September 4 , 2018. Upon Mr. Servranckx' assumption of the CEO role, John M. Beck will assume his previous role as Executive Chair of the Board and Brian V. Tobin will resume the Lead Director role. With over 30 years of experience in the construction industry, across the infrastructure and industrial sectors, Jean-Louis Servranckx is a seasoned leader with expertise in large-scale and complex international projects.