TD Securities Issues Positive Forecast for Aecon Group (TSE:ARE) Stock Price

Aecon Group (TSE:ARE) had its target price increased by TD Securities from C$39.00 to C$47.00 in a research note released on Monday morning,BayStreet.CA reports.

Separately, Stifel Nicolaus raised their target price on Aecon Group from C$30.00 to C$34.25 and gave the stock a “hold” rating in a research report on Friday, February 6th. Three research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of C$37.48.

Aecon Group Trading Up 0.9%

Aecon Group stock opened at C$40.78 on Monday. The business has a 50 day moving average price of C$35.30 and a two-hundred day moving average price of C$29.39. The company has a quick ratio of 1.27, a current ratio of 1.10 and a debt-to-equity ratio of 65.17. Aecon Group has a 12 month low of C$15.21 and a 12 month high of C$41.90. The stock has a market cap of C$2.58 billion, a price-to-earnings ratio of 291.29, a price-to-earnings-growth ratio of 18.18 and a beta of 1.10.

Aecon Group (TSE:ARE) last announced 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 for the quarter. Aecon Group had a return on equity of 1.66% and a net margin of 0.28%. As a group, equities analysts forecast that Aecon Group will post 1.3793321 EPS for the current year.

Key Stories Impacting Aecon Group

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

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.