Raymond James Increases Aecon Group (TSE:ARE) Price Target to C$28.00

Aecon Group (TSE:ARE) had its target price boosted by analysts at Raymond James from C$24.00 to C$28.00 in a research note issued on Tuesday, BayStreet.CA reports. Raymond James’ price target suggests a potential downside of 2.95% from the stock’s previous close. Raymond James also issued estimates for Aecon Group’s Q4 2024 earnings at $0.31 EPS, FY2024 earnings at ($0.85) EPS, Q1 2025 earnings at $0.01 EPS, Q2 2025 earnings at $0.06 EPS, Q3 2025 earnings at $0.98 EPS, Q4 2025 earnings at $0.45 EPS and FY2025 earnings at $1.50 EPS.

ARE has been the topic of several other research reports. Stifel Canada raised Aecon Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 25th. National Bankshares raised Aecon Group from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from C$17.00 to C$20.50 in a research report on Monday, July 29th. Royal Bank of Canada raised their price target on Aecon Group from C$13.00 to C$17.00 and gave the stock a “sector perform” rating in a research report on Monday, July 29th. BMO Capital Markets raised their price target on Aecon Group from C$16.50 to C$27.00 in a research report on Monday. Finally, Stifel Nicolaus raised their price target on Aecon Group from C$30.00 to C$31.00 in a research report on Friday, October 4th. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$25.94.

Aecon Group Trading Up 0.9 %

TSE:ARE opened at C$28.85 on Tuesday. Aecon Group has a 1-year low of C$10.30 and a 1-year high of C$29.16. The business’s 50-day moving average price is C$21.26 and its two-hundred day moving average price is C$18.11. The company has a current ratio of 1.35, a quick ratio of 1.27 and a debt-to-equity ratio of 32.86. The firm has a market capitalization of C$1.80 billion, a price-to-earnings ratio of -106.85, a PEG ratio of 18.18 and a beta of 1.13.

Aecon Group Company Profile

Aecon Group Inc, together with its subsidiaries, provide construction and infrastructure development services to private and public sector clients in Canada, the United States, and internationally. It operates through two segments, Construction and Concessions. The Construction segment focuses on civil infrastructure, urban transportation solutions, nuclear power infrastructure, utility infrastructure, and conventional industrial infrastructure market sectors.