Aecon Group (TSE:ARE) Price Target Raised to C$45.00

Aecon Group (TSE:ARE) had its price objective increased by National Bank Financial from C$35.00 to C$45.00 in a research report sent to investors on Monday morning,BayStreet.CA reports. National Bank Financial currently has an outperform rating on the stock.

Several other analysts have also commented on the stock. Stifel Nicolaus cut their target price on shares of Aecon Group from C$34.25 to C$28.75 and set a “hold” rating for the company in a research note on Monday. TD Securities lifted their price target on shares of Aecon Group from C$39.00 to C$47.00 and gave the stock a “buy” rating in a research report on Monday. Canaccord Genuity Group increased their price objective on Aecon Group from C$40.00 to C$52.00 and gave the company a “buy” rating in a research report on Monday. Finally, ATB Cormark Capital Markets raised their price objective on Aecon Group from C$35.00 to C$39.00 and gave the stock a “sector perform” rating in a research note on Monday. Three research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of C$39.38.

Aecon Group Price Performance

TSE:ARE opened at C$41.45 on Monday. The company has a quick ratio of 1.27, a current ratio of 1.10 and a debt-to-equity ratio of 65.17. The business’s 50-day moving average price is C$35.71 and its 200 day moving average price is C$29.63. Aecon Group has a 52-week low of C$15.21 and a 52-week high of C$42.40. The firm has a market cap of C$2.62 billion, a P/E ratio of 296.07, a PEG ratio of 18.18 and a beta of 1.10.

Aecon Group (TSE:ARE) last issued its quarterly earnings results on Thursday, March 5th. The company reported C$0.52 earnings per share for the quarter. The company had revenue of C$1.54 billion during the quarter. Aecon Group had a net margin of 0.28% and a return on equity of 1.66%. As a group, sell-side analysts predict that Aecon Group will post 1.3793321 earnings per share for the current fiscal year.

Aecon Group News Roundup

Here are the key news stories impacting Aecon Group this week:

• Positive Sentiment: Aecon’s expansion into U.S. grid work is highlighted as deepening a recurring utility-revenue stream, which supports a steadier, higher-margin backlog over time. Aecon’s U.S. Grid Move Deepens Recurring Utility Revenue Story
• Positive Sentiment: Canaccord Genuity raised its price target to C$52.00, signaling confidence in upside from current operations and contract pipeline. Canaccord Genuity Increases Aecon Group Price Target
• Positive Sentiment: National Bank Financial published a note expecting the stock to rise, adding another bullish voice among brokers. National Bank Financial Analyst Says Stock Expected to Rise
• Positive Sentiment: An ATB Cormark item picked up in press coverage also flagged upside potential for the share price (coverage noted by media summaries). ATB Cormark Analyst Expects Aecon Stock to Rise
• Neutral Sentiment: ATB Cormark (coverage in The Globe and Mail) formally reaffirmed a “hold” rating — a reminder that at least one major broker is not yet fully convinced. ATB Cormark Reaffirms Hold Rating
• Neutral Sentiment: RBC raised its target to C$41 and kept a sector‑perform rating; Raymond James also lifted its target to C$41 with a market‑perform stance — price actions that signal improved outlook but stop short of strong buys. BayStreet Analyst Rating Summary
• Negative Sentiment: Stifel cut its price target to C$28.75, materially lower than other broker targets, which likely contributed to downward pressure as investors digest the range of valuations. Stifel Lowers Aecon Price Target

Aecon Group Company Profile

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.