Aecon Group (TSE:ARE) Given New C$22.00 Price Target at Desjardins

Key Points

• Desjardins has reduced its price target for Aecon Group from C$24.00 to C$22.00, maintaining a "buy" rating, indicating a potential upside of 14.58% from the stock's previous close.
• Insiders have been actively purchasing shares, with Director Leslie Compton Kass acquiring 6,325 shares and Director Scott William Thon buying 10,500 shares, totaling investments of over C$324,000.
• The stock is currently priced at C$19.20, having seen a 0.7% drop, with a market cap of C$1.21 billion and an average rating of "Buy" from analysts.

Aecon Group (TSE:ARE - Get Free Report) had its price objective decreased by Desjardins from C$24.00 to C$22.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The firm currently has a "buy" rating on the stock. Desjardins' target price suggests a potential upside of 10.28% from the stock's previous close. Desjardins also issued estimates for Aecon Group's Q3 2025 earnings at $0.33 EPS, Q4 2025 earnings at $0.22 EPS, FY2025 earnings at ($0.09) EPS and FY2026 earnings at $1.82 EPS.

A number of other analysts have also weighed in on ARE. CIBC reduced their price objective on shares of Aecon Group from C$31.00 to C$24.00 in a research report on Friday, April 25th. BMO Capital Markets lifted their price objective on Aecon Group from C$19.00 to C$22.00 in a report on Tuesday, July 22nd. Stifel Canada upgraded Aecon Group from a "hold" rating to a "strong-buy" rating in a research note on Thursday, April 17th. TD Securities boosted their target price on Aecon Group from C$22.00 to C$23.00 and gave the stock a "buy" rating in a research note on Tuesday. Finally, Stifel Nicolaus dropped their price target on Aecon Group from C$16.00 to C$14.00 in a research note on Friday, April 25th. Eight equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Aecon Group currently has a consensus rating of "Buy" and an average target price of C$22.70.

Aecon Group Price Performance

ARE stock traded up C$0.11 during midday trading on Tuesday, hitting C$19.95. The company's stock had a trading volume of 187,493 shares, compared to its average volume of 416,196. The company has a quick ratio of 1.27, a current ratio of 1.19 and a debt-to-equity ratio of 32.84. The company has a 50 day moving average of C$19.72 and a two-hundred day moving average of C$19.76. Aecon Group has a 12 month low of C$15.21 and a 12 month high of C$29.70. The firm has a market capitalization of C$1.26 billion, a price-to-earnings ratio of -19.63, a price-to-earnings-growth ratio of 18.18 and a beta of 1.13.

Insider Activity

In other Aecon Group news, Director Leslie Compton Kass purchased 6,325 shares of the stock in a transaction dated Tuesday, June 10th. The stock was acquired at an average cost of C$19.44 per share, for a total transaction of C$122,953.83. Also, Director Scott William Thon bought 10,500 shares of the business's stock in a transaction on Tuesday, June 3rd. The stock was purchased at an average cost of C$19.21 per share, for a total transaction of C$201,705.00. Insiders have purchased a total of 21,825 shares of company stock worth $419,159 over the last 90 days. 0.82% of the stock is currently owned by company insiders.

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.