National Bank Financial Increases Aecon Group (TSE:ARE) Price Target to C$59.00

Aecon Group (TSE:ARE) had its target price increased by investment analysts at National Bank Financial from C$48.00 to C$59.00 in a note issued to investors on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bank Financial’s price target would indicate a potential upside of 13.99% from the stock’s current price.

A number of other equities analysts have also commented on the stock. Royal Bank Of Canada lifted their price target on shares of Aecon Group from C$44.00 to C$49.00 and gave the stock a “sector perform” rating in a report on Thursday. BMO Capital Markets lifted their price target on shares of Aecon Group from C$45.00 to C$49.00 and gave the stock a “market perform” rating in a report on Wednesday. Canaccord Genuity Group lifted their price target on shares of Aecon Group from C$52.00 to C$56.00 and gave the stock a “buy” rating in a report on Thursday. Stifel Nicolaus cut their price target on shares of Aecon Group from C$46.00 to C$44.50 and set a “hold” rating on the stock in a report on Thursday. Finally, Jefferies Financial Group lifted their price target on shares of Aecon Group from C$49.00 to C$59.00 in a report on Monday, April 27th. Four research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of C$52.29.

Aecon Group Stock Performance

Shares of Aecon Group stock opened at C$51.76 on Thursday. Aecon Group has a fifty-two week low of C$16.85 and a fifty-two week high of C$52.90. The company has a debt-to-equity ratio of 42.80, a current ratio of 1.16 and a quick ratio of 1.27. The firm has a market capitalization of C$3.54 billion, a P/E ratio of 94.11, a P/E/G ratio of 18.18 and a beta of 0.97. The company’s 50 day moving average price is C$42.82 and its two-hundred day moving average price is C$35.00.

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

Insider Transactions at Aecon Group

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

Key Aecon Group News

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

• Positive Sentiment: Record backlog and Q1 revenue beat — Aecon reported a record C$10.9B backlog alongside rising Q1 revenue, signaling stronger future revenue visibility and contract pipeline that supports earnings growth expectations. Investor Outlook: Aecon backlog hits record $10.9B as Q1 revenue rises
• Positive Sentiment: National Bank raised its target to C$59 and kept an outperform rating — this is the largest upside among recent notes (~18% implied upside) and is a meaningful institutional vote of confidence that can attract buyers. Analyst Ratings Roundup
• Positive Sentiment: Canaccord raised its target to C$56 and reiterated a buy — another buy-side upgrade adding to upward analyst momentum and potential buying interest. Analyst Ratings Roundup
• Positive Sentiment: Raymond James lifted its target to C$54 — a sizable raise that further tilts the consensus toward upside. Analyst Ratings Roundup
• Positive Sentiment: TSX value-pick coverage — Aecon was highlighted as a value pick below estimated worth, which can draw attention from value-oriented investors. TSX Value Picks Aecon Group And 2 More Stocks
• Neutral Sentiment: BMO, ATB Cormark and RBC raised targets to ~C$49 (market/sector perform) — these moves are supportive but set targets near the current trading level, implying limited near-term upside from those houses. Analyst Ratings Roundup
• Neutral Sentiment: Desjardins moved its target to C$52 but kept a hold — a modest positive signal but not a clear buy catalyst. Analyst Ratings Roundup
• Negative Sentiment: Stifel lowered its target to C$44.50 and kept a hold — the most noteworthy downside-only revision (~11% implied downside) and a reminder of divergent analyst views and execution/valuation risk. Analyst Ratings Roundup

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.