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

Aecon Group (TSE:ARE) had its target price raised by Desjardins from C$43.00 to C$45.00 in a research report released on Monday morning,BayStreet.CA reports. The firm currently has a hold rating on the stock.

Other equities analysts have also issued research reports about the company. Canaccord Genuity Group increased their target price on 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. TD Securities increased their price objective on shares of Aecon Group from C$39.00 to C$47.00 and gave the company a “buy” rating in a research report on Monday, March 9th. ATB Cormark Capital Markets raised their price objective on shares of Aecon Group from C$35.00 to C$39.00 and gave the company a “sector perform” rating in a report on Monday, March 9th. Raymond James Financial boosted their target price on shares of Aecon Group from C$33.00 to C$41.00 and gave the stock a “market perform” rating in a research note on Tuesday, March 10th. Finally, National Bank Financial upped their price target on Aecon Group from C$35.00 to C$45.00 and gave the company an “outperform” 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’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of C$42.38.

Aecon Group Stock Down 0.9%

Shares of TSE ARE opened at C$41.43 on Monday. The firm has a market cap 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. 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 52-week low of C$15.21 and a 52-week high of C$44.71. The business’s 50 day moving average is C$38.21 and its two-hundred day moving average is C$31.61.

Aecon Group (TSE:ARE) last released its quarterly earnings results 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 business had revenue of C$1.54 billion during the quarter. Research analysts predict that Aecon Group will post 1.3793321 EPS for the current year.

Aecon Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Thursday, April 2nd will be paid a dividend of $0.1925 per share. This represents a $0.77 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Monday, March 23rd. Aecon Group’s payout ratio is 330.43%.

Key Stories Impacting 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

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.