Desjardins Has Lowered Expectations for Aecon Group (TSE:ARE) Stock Price

Aecon Group (TSE:ARE) had its price objective lowered by equities research analysts at Desjardins from C$32.00 to C$29.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ price target would suggest a potential upside of 61.47% from the company’s previous close. Desjardins also issued estimates for Aecon Group’s Q2 2025 earnings at $0.21 EPS, Q3 2025 earnings at $0.54 EPS, Q4 2025 earnings at $0.38 EPS and FY2026 earnings at $2.40 EPS.

Several other brokerages have also issued reports on ARE. CIBC cut their price objective on shares of Aecon Group from C$35.00 to C$33.00 in a report on Monday, February 3rd. National Bank Financial lowered shares of Aecon Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 3rd. National Bankshares lowered shares of Aecon Group from an “outperform” rating to a “sector perform” rating and lifted their price objective for the company from C$28.00 to C$30.00 in a report on Wednesday, December 4th. Finally, BMO Capital Markets lifted their price objective on shares of Aecon Group from C$27.00 to C$29.00 in a report on Friday, December 6th. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of C$24.98.

Aecon Group Stock Performance

Aecon Group stock opened at C$17.96 on Friday. The company has a 50 day moving average price of C$24.19 and a 200-day moving average price of C$23.84. The company has a debt-to-equity ratio of 32.84, a quick ratio of 1.27 and a current ratio of 1.19. Aecon Group has a fifty-two week low of C$13.03 and a fifty-two week high of C$29.70. The company has a market capitalization of C$1.14 billion, a PE ratio of -17.67, a P/E/G ratio of 18.18 and a beta of 1.13.

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.