Aecon Group (TSE:ARE) Price Target Raised to C$52.00

Aecon Group (TSE:ARE) had its price target lifted by Canaccord Genuity Group from C$40.00 to C$52.00 in a research report report published on Monday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

ARE has been the subject of a number of other reports. ATB Cormark Capital Markets raised their price target on shares of Aecon Group from C$35.00 to C$39.00 and gave the company a “sector perform” rating in a report on Monday. TD Securities raised their target price on Aecon Group from C$39.00 to C$47.00 and gave the company a “buy” rating in a research note on Monday. Finally, Stifel Nicolaus dropped their target price on Aecon Group from C$34.25 to C$28.75 and set a “hold” rating on the stock in a research report on Monday. Three analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of C$39.38.

Aecon Group Price Performance

ARE stock opened at C$41.45 on Monday. The stock has a 50-day simple moving average of C$35.71 and a 200-day simple moving average of C$29.63. The firm has a market cap of C$2.62 billion, a P/E ratio of 296.07, a price-to-earnings-growth ratio of 18.18 and a beta of 1.10. The company has a debt-to-equity ratio of 65.17, a quick ratio of 1.27 and a current ratio of 1.10. Aecon Group has a 1 year low of C$15.21 and a 1 year high of C$42.40.

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

Key Headlines Impacting Aecon Group

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.