TD Securities Increases Aecon Group (TSE:ARE) Price Target to C$49.00

Aecon Group (TSE:ARE) had its price objective lifted by equities research analysts at TD Securities from C$47.00 to C$49.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ price target suggests a potential upside of 17.20% from the stock’s previous close.

Several other research firms have also commented on ARE. Raymond James Financial increased their target price on shares of Aecon Group from C$33.00 to C$41.00 and gave the company a “market perform” rating in a research note on Tuesday, March 10th. National Bank Financial lifted their price target on shares of Aecon Group from C$35.00 to C$45.00 and gave the stock an “outperform” rating in a research report on Monday, March 9th. Desjardins upped their price target on Aecon Group from C$43.00 to C$45.00 and gave the company a “hold” rating in a report on Monday. ATB Cormark Capital Markets increased their price objective on Aecon Group from C$35.00 to C$39.00 and gave the company a “sector perform” rating in a research report on Monday, March 9th. Finally, Stifel Nicolaus reduced their price objective on 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. Four equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of C$43.58.

Aecon Group Price Performance

Shares of Aecon Group stock opened at C$41.81 on Monday. Aecon Group has a 52 week low of C$15.21 and a 52 week high of C$44.71. The company has a current ratio of 1.10, a quick ratio of 1.27 and a debt-to-equity ratio of 65.17. The stock has a market cap of C$2.68 billion, a PE ratio of 181.78, a price-to-earnings-growth ratio of 18.18 and a beta of 1.10. The company’s 50-day moving average price is C$38.37 and its two-hundred day moving average price is C$31.74.

Aecon Group (TSE:ARE) last posted its quarterly earnings data 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 anticipate that Aecon Group will post 1.3793321 EPS for the current fiscal year.

Aecon Group News Roundup

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.