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

Aecon Group (TSE:ARE) had its price target hoisted by analysts at Desjardins from C$43.00 to C$45.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. Desjardins’ target price would indicate a potential upside of 7.63% from the stock’s current price.

Other research analysts also recently issued research reports about the stock. Stifel Nicolaus dropped their price objective 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, March 9th. ATB Cormark Capital Markets raised their target price on shares of Aecon Group from C$35.00 to C$39.00 and gave the stock a “sector perform” rating in a research report on Monday, March 9th. Royal Bank Of Canada boosted their target price on shares of Aecon Group from C$30.00 to C$41.00 and gave the company a “sector perform” rating in a report on Tuesday, March 10th. Raymond James Financial upped their price target on shares of Aecon Group from C$33.00 to C$41.00 and gave the stock a “market perform” rating in a research report on Tuesday, March 10th. Finally, TD Securities increased 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 note on Monday, March 9th. Four equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, Aecon Group has a consensus rating of “Hold” and an average price target of C$43.58.

Aecon Group Stock Performance

TSE ARE opened at C$41.81 on Monday. The business has a 50 day moving average price of C$38.37 and a 200 day moving average price of C$31.74. The company has a market capitalization of C$2.68 billion, a P/E ratio of 181.78, a PEG ratio of 18.18 and a beta of 1.10. Aecon Group has a 1-year low of C$15.21 and a 1-year high of C$44.71. The company has a debt-to-equity ratio of 65.17, a current ratio of 1.10 and a quick ratio of 1.27.

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

More Aecon Group News

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

• Positive Sentiment: TD Securities lifted its target to C$49 and kept a “buy” rating (largest implied upside ~18%). This is the most bullish call in the group and likely the biggest near-term catalyst for momentum. TD target raise TickerReport
• Positive Sentiment: BMO Capital Markets raised its target to C$45 and rates Aecon “outperform” (implied ~8.6% upside), reinforcing buy-side interest. BMO target raise
• Positive Sentiment: Desjardins raised its target to C$45 with a “hold” rating (also ~8.6% upside), signalling improved analyst confidence in Aecon’s outlook. Desjardins target raise
• Positive Sentiment: CIBC lifted its target to C$44 with a “hold” rating (~5% upside), another upward revision supporting the share move. CIBC target raise
• Positive Sentiment: Raymond James bumped its target to C$44 and kept a “market perform” call (~5% upside), adding to the cluster of price‑target increases. Raymond James target raise
• Positive Sentiment: ATB Cormark raised its target to C$42 with a “sector perform” rating (small implied upside ~1.4%), a modest but supportive revision. ATB Cormark target raise
• Positive Sentiment: A Yahoo Finance piece included Aecon in a TSX value-stock picks roundup (highlights potential discounted valuation vs peers), which may attract value-focused investors. Yahoo Finance article

About Aecon Group

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.