Aecon Group (TSE:ARE) Price Target Raised to C$45.00 at BMO Capital Markets

Aecon Group (TSE:ARE) had its target price raised by BMO Capital Markets from C$40.00 to C$45.00 in a research note released on Monday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Other equities research analysts also recently issued research reports about the stock. 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 research note on Tuesday, March 10th. Stifel Nicolaus dropped their target price on shares of Aecon Group from C$34.25 to C$28.75 and set a “hold” rating for the company in a research report on Monday, March 9th. Desjardins boosted their price target on shares of Aecon Group from C$43.00 to C$45.00 and gave the company a “hold” rating in a research report on Monday. Canaccord Genuity Group upped their price objective on shares of Aecon Group from C$40.00 to C$52.00 and gave the stock a “buy” rating in a research note on Monday, March 9th. Finally, ATB Cormark Capital Markets raised their price objective on shares of Aecon Group from C$35.00 to C$39.00 and gave the stock a “sector perform” rating in a report on Monday, March 9th. Four analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of C$42.38.

Aecon Group Price Performance

TSE:ARE opened at C$41.43 on Monday. The company has a debt-to-equity ratio of 65.17, a quick ratio of 1.27 and a current ratio of 1.10. The company has a 50-day moving average of C$38.21 and a 200-day moving average of C$31.61. Aecon Group has a 52 week low of C$15.21 and a 52 week high of C$44.71. The company has a market capitalization of C$2.65 billion, a price-to-earnings ratio of 180.13, a PEG ratio of 18.18 and a beta of 1.10.

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. The business had revenue of C$1.54 billion for the quarter. Aecon Group had a net margin of 0.28% and a return on equity of 1.66%. As a group, equities research analysts anticipate that Aecon Group will post 1.3793321 earnings per share for the current fiscal year.

Aecon Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Thursday, April 2nd will be issued a $0.1925 dividend. The ex-dividend date of this dividend is Monday, March 23rd. This represents a $0.77 dividend on an annualized basis and a dividend yield of 1.9%. Aecon Group’s dividend payout ratio (DPR) is currently 330.43%.

Trending Headlines about Aecon Group

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

• Positive Sentiment: Multiple brokerages raised targets and kept favorable ratings — ATB Cormark bumped its target from C$39 to C$42 and maintains a “sector perform” view (small implied upside). Article Title
• Positive Sentiment: BMO Capital Markets raised its target from C$40 to C$45 and kept an “outperform” rating, implying ~8.8% upside from the cited reference price. Article Title
• Positive Sentiment: Desjardins lifted its target from C$43 to C$45 and left a “hold” rating, also implying roughly 8.8% upside. Article Title
• Positive Sentiment: TD Securities increased its target from C$47 to C$49 and kept a “buy” rating, the most bullish call here with ~18.5% implied upside. Article Title Ticker Report
• Neutral Sentiment: Analysts and market writeups are re‑assessing Aecon’s valuation after recent strong 90‑day stock momentum — useful context for relative upside but not an immediate catalyst. Assessing Aecon Valuation
• Negative Sentiment: Coverage flagged a discounted CA$150M share issue — a potential near‑term overhang because of dilution and signal to financing needs; that concern helps explain downward pressure despite analyst upgrades. Article Title

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.