Aecon Group (TSE:ARE) Given New C$49.00 Price Target at Royal Bank Of Canada

Aecon Group (TSE:ARE) had its target price hoisted by Royal Bank Of Canada from C$44.00 to C$49.00 in a research note published on Thursday,BayStreet.CA reports. They currently have a sector perform rating on the stock.

ARE has been the topic of several other research reports. Raymond James Financial upped their price target on shares of Aecon Group from C$44.00 to C$54.00 in a report on Wednesday. ATB Cormark Capital Markets upped their price target on shares of Aecon Group from C$39.00 to C$42.00 and gave the company a “sector perform” rating in a report on Monday, March 30th. TD upped their price target on shares of Aecon Group from C$49.00 to C$59.00 and gave the company a “buy” rating in a report on Tuesday. TD Securities upped their price target on shares of Aecon Group from C$47.00 to C$49.00 and gave the company a “buy” rating in a report on Monday, March 30th. Finally, BMO Capital Markets upped their price target on shares of Aecon Group from C$45.00 to C$49.00 and gave the company a “market perform” rating in a report on Wednesday. Four analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, Aecon Group presently has an average rating of “Hold” and a consensus target price of C$52.29.

Aecon Group Stock Down 0.0%

ARE stock opened at C$49.96 on Thursday. The company has a market cap of C$3.42 billion, a P/E ratio of 90.84, a P/E/G ratio of 18.18 and a beta of 0.97. Aecon Group has a 52 week low of C$16.16 and a 52 week high of C$52.90. The company’s 50-day moving average price is C$42.82 and its 200 day moving average price is 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 (TSE:ARE) last released its quarterly earnings data on Tuesday, April 28th. The company reported C($0.21) EPS for the quarter. Aecon Group had a return on equity of 3.71% and a net margin of 0.62%.The company had revenue of C$1.26 billion for the quarter. On average, research analysts expect that Aecon Group will post 1.3793321 earnings per share for the current fiscal year.

Aecon Group Dividend Announcement

The company also recently disclosed 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. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $0.77 annualized dividend and a dividend yield of 1.5%. Aecon Group’s dividend payout ratio is presently 138.64%.

Insider Activity

In related news, Director Eric Stuart Rosenfeld sold 125,000 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately C$7,670,088. This represents a 40.43% decrease in their ownership of the stock. Insiders own 0.82% of the company’s stock.

Trending Headlines about Aecon Group

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.