Aecon Group (TSE:ARE) Given New C$52.00 Price Target at Desjardins

Aecon Group (TSE:ARE) had its price objective increased by Desjardins from C$45.00 to C$52.00 in a report released on Thursday,BayStreet.CA reports. They currently have a hold rating on the stock.

A number of other analysts have also recently weighed in on the stock. Canadian Imperial Bank of Commerce boosted their price objective on shares of Aecon Group from C$45.00 to C$48.00 in a research note on Thursday, April 9th. ATB Cormark Capital Markets upped their target price on shares of Aecon Group from C$39.00 to C$42.00 and gave the company a “sector perform” rating in a research note on Monday, March 30th. TD Securities upped their target price on shares of Aecon Group from C$47.00 to C$49.00 and gave the company a “buy” rating in a research note on Monday, March 30th. Jefferies Financial Group upped their target price on shares of Aecon Group from C$49.00 to C$59.00 in a research note on Monday. Finally, Raymond James Financial upped their target price on shares of Aecon Group from C$44.00 to C$54.00 in a research note on Wednesday. Four analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, Aecon Group currently has an average rating of “Hold” and an average target price of C$52.29.

Aecon Group Price Performance

Shares of Aecon Group stock opened at C$49.96 on Thursday. The firm has a fifty day simple moving average of C$42.82 and a 200-day simple moving average of C$35.00. The company has a current ratio of 1.16, a quick ratio of 1.27 and a debt-to-equity ratio of 42.80. Aecon Group has a 1-year low of C$16.16 and a 1-year high of C$52.90. The stock has a market capitalization of C$3.42 billion, a price-to-earnings ratio of 90.84, a PEG ratio of 18.18 and a beta of 0.97.

Aecon Group (TSE:ARE) last issued its quarterly earnings data on Tuesday, April 28th. The company reported C($0.21) earnings per share for the quarter. Aecon Group had a return on equity of 3.71% and a net margin of 0.62%.The firm had revenue of C$1.26 billion during the quarter. On average, sell-side analysts expect that Aecon Group will post 1.3793321 earnings per share for the current year.

Aecon Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 2nd. Investors of record on Thursday, April 2nd were paid a dividend of $0.1925 per share. This represents a $0.77 annualized dividend and a yield of 1.5%. The ex-dividend date was Monday, March 23rd. Aecon Group’s dividend payout ratio is presently 138.64%.

Insider Buying and Selling

In other Aecon Group news, Director Eric Stuart Rosenfeld sold 125,000 shares of the business’s stock in a transaction on Friday, March 27th. The shares were sold at an average price of C$41.64, for a total value of C$5,205,000.00. Following the sale, the director owned 184,200 shares of the company’s stock, valued at C$7,670,088. The trade was a 40.43% decrease in their position. 0.82% of the stock is currently owned by insiders.

More Aecon Group News

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

• Positive Sentiment: National Bank Financial raised its price target to C$59 and kept an “outperform” rating, implying ~18.8% upside vs. the current price. This is one of the largest bullish signals from the analyst cohort. National Bank Financial upgrade
• Positive Sentiment: Canaccord Genuity boosted its target to C$56 and maintained a “buy” rating (~12.8% implied upside), reinforcing buy-side sentiment. Canaccord upgradeCanaccord—TickerReport
• Positive Sentiment: Raymond James raised its target to C$54 (about 8.8% upside), adding further upside conviction from the sell side. Raymond James upgradeRaymond James—TickerReport
• Positive Sentiment: BNN Bloomberg reports Aecon’s backlog hit a record C$10.9B and Q1 revenue rose — a material operational positive that supports forward visibility and justifies higher analyst targets. BNN Bloomberg: Backlog & Q1 revenue
• Positive Sentiment: Market write-ups (Yahoo/TSX Value Picks) flagged Aecon as trading below estimated intrinsic value, which can attract value-seeking investors. Yahoo: TSX Value Picks
• Neutral Sentiment: Desjardins lifted its target to C$52 with a “hold” rating (~4.7% implied upside) — modestly supportive but not a strong buy signal. Desjardins update
• Neutral Sentiment: BMO Capital Markets moved its target to C$49 (“market perform”), roughly in line with the current price — a neutral endorsement. BMO updateBMO—TickerReport
• Neutral Sentiment: ATB Cormark and RBC raised targets to C$49 and kept “sector perform” ratings; both targets sit roughly at/just below the current price, so they are neither strongly bullish nor bearish. ATB/RBC updates
• Neutral Sentiment: Aecon reported a smaller Q1 loss (C$17.9M) vs. last year’s C$37.9M loss — an improvement but still a loss; investors may view this as cautiously positive while awaiting sustained profitability. MSN: Q1 results
• Negative Sentiment: Stifel Nicolaus lowered its target to C$44.50 and moved to “hold,” implying ~10.4% downside; this is the clearest bearish signal among the recent analyst notes. Stifel downgrade

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.