Aecon Group (TSE:ARE) Raised to Strong-Buy at Stifel Canada

Aecon Group (TSE:ARE) was upgraded by Stifel Canada from a “hold” rating to a “strong-buy” rating in a note issued to investors on Thursday,Zacks.com reports. Stifel Canada also issued estimates for Aecon Group’s FY2025 earnings at $0.68 EPS.

A number of other equities analysts have also weighed in on the company. National Bankshares raised Aecon Group from a “sector perform” rating to an “outperform” rating in a research report on Monday, March 10th. Raymond James decreased their target price on shares of Aecon Group from C$28.00 to C$23.00 and set a “market perform” rating for the company in a research note on Friday, March 7th. National Bank Financial raised Aecon Group from a “hold” rating to a “strong-buy” rating in a report on Sunday, March 9th. Desjardins dropped their target price on Aecon Group from C$32.00 to C$29.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. Finally, BMO Capital Markets reduced their price target on shares of Aecon Group from C$29.00 to C$24.00 in a research report on Friday, March 7th. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Aecon Group presently has a consensus rating of “Moderate Buy” and an average target price of C$25.07.

Aecon Group Price Performance

Shares of TSE ARE opened at C$17.34 on Thursday. The company has a 50 day moving average of C$19.32 and a 200 day moving average of C$23.49. The company has a quick ratio of 1.27, a current ratio of 1.19 and a debt-to-equity ratio of 32.84. Aecon Group has a twelve month low of C$13.03 and a twelve month high of C$29.70. The firm has a market cap of C$1.10 billion, a P/E ratio of -17.06, a PEG ratio of 18.18 and a beta of 1.13.

Insiders Place Their Bets

In other Aecon Group news, Director Stuart Lee acquired 5,700 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The shares were bought at an average cost of C$18.35 per share, with a total value of C$104,595.00. 0.82% of the stock is owned by insiders.

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.