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

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

Other analysts have also recently issued reports about the company. TD Securities boosted their price target on Aecon Group from C$39.00 to C$47.00 in a research report on Monday. Stifel Nicolaus decreased their price objective on Aecon Group from C$34.25 to C$28.75 and set a “hold” rating on the stock in a report on Monday. Finally, ATB Cormark Capital Markets lifted 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 note on Monday. Three research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of C$37.48.

Aecon Group Trading Up 0.9%

Shares of Aecon Group stock opened at C$40.78 on Monday. The company has a current ratio of 1.10, a quick ratio of 1.27 and a debt-to-equity ratio of 65.17. Aecon Group has a twelve month low of C$15.21 and a twelve month high of C$41.90. The firm has a market capitalization of C$2.58 billion, a PE ratio of 291.29, a P/E/G ratio of 18.18 and a beta of 1.10. The firm’s 50-day moving average price is C$35.30 and its 200 day moving average price is C$29.39.

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

Aecon Group News Summary

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

• Positive Sentiment: Canaccord Genuity raised its price target to C$52 and reiterated a “buy” rating (≈27% upside vs. recent levels), signaling stronger conviction in Aecon’s growth trajectory. Canaccord raise — BayStreet.CA Tickerreport.com
• Positive Sentiment: National Bank Financial lifted its target to C$45 and set an “outperform” rating (≈10% upside), adding institutional support to the rally. National Bank raise — BayStreet.CA
• Positive Sentiment: TD Securities raised its target to C$47 (≈16% upside), another endorsement from a major desk that likely contributed to buying interest. TD Securities raise — BayStreet.CA
• Positive Sentiment: Operational catalyst — Aecon’s disclosed backlog has surged to about $10 billion, supporting revenue visibility and underpinning analyst optimism. Aecon backlog — BNNBloomberg
• Negative Sentiment: Stifel Nicolaus cut its target to C$28.75 and kept a “hold” rating (≈29% downside), highlighting downside risk and differing views on margins and execution. Stifel cut — BayStreet.CA
• Negative Sentiment: ATB Cormark raised its target to C$39 but kept a “sector perform” call; the new target sits slightly below recent prices (≈3.8% downside), reflecting more cautious near‑term expectations. ATB Cormark note — BayStreet.CA

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.