National Bank Financial Issues Positive Forecast for Aecon Group (TSE:ARE) Stock Price

Aecon Group (TSE:ARE) had its target price increased by National Bank Financial from C$35.00 to C$45.00 in a research report released on Monday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

ARE has been the topic of several other research reports. Stifel Nicolaus reduced their price objective on shares of Aecon Group from C$34.25 to C$28.75 and set a “hold” rating on the stock in a research report on Monday. Canaccord Genuity Group upped their target price on shares of Aecon Group from C$40.00 to C$52.00 and gave the stock a “buy” rating in a research report on Monday. ATB Cormark Capital Markets raised their target price on shares of Aecon Group from C$35.00 to C$39.00 and gave the company a “sector perform” rating in a research note on Monday. Finally, TD Securities lifted their price target on shares of Aecon Group from C$39.00 to C$47.00 in a report on Monday. Three analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of C$37.48.

Aecon Group Trading Up 0.9%

Shares of ARE stock opened at C$40.78 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 stock has a fifty day simple moving average of C$35.30 and a two-hundred day simple moving average of C$29.39. The firm has a market capitalization of C$2.58 billion, a PE ratio of 291.29, a PEG ratio of 18.18 and a beta of 1.10. Aecon Group has a 52-week low of C$15.21 and a 52-week high of C$41.90.

Aecon Group (TSE:ARE) last announced 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 business had revenue of C$1.54 billion for the quarter. On average, analysts predict that Aecon Group will post 1.3793321 EPS for the current fiscal year.

Key Headlines 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

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.