Aecon Group (ARE) Stock Forecast & Price Target

C$21.89

+0.39 (+1.81%)

(As of 10/4/2024 ET)

Aecon Group - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 13 Analyst Ratings

Sell
0

Hold
5

Buy
8

Based on 13 Wall Street analysts who have issued ratings for Aecon Group in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 13 analysts, 5 have given a hold rating, 6 have given a buy rating, and 2 have given a strong buy rating for ARE.

Consensus Price Target

C$21.16
-3.32% Downside

According to the 13 analysts' twelve-month price targets for Aecon Group, the average price target is C$21.16. The highest price target for ARE is C$31.00, while the lowest price target for ARE is C$16.00. The average price target represents a forecasted downside of -3.32% from the current price of C$21.89.

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ARE Analyst Ratings Over Time

Type	Current Forecast 10/6/23 to 10/5/24	1 Month Ago 9/6/23 to 9/5/24	3 Months Ago 7/8/23 to 7/7/24	1 Year Ago 10/6/22 to 10/6/23
Strong Buy	2 Strong Buy rating(s)	2 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	6 Buy rating(s)	6 Buy rating(s)	5 Buy rating(s)	6 Buy rating(s)
Hold	5 Hold rating(s)	5 Hold rating(s)	7 Hold rating(s)	5 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	C$21.16	C$19.62	C$18.32	C$13.93
Forecasted Upside	-3.32% Downside	5.42% Upside	30.65% Upside	25.63% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Hold	Moderate Buy

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ARE Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

ARE Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Aecon Group Stock vs. The Competition

Type	Aecon Group	Industrials Companies
Consensus Rating Score	2.77	2.68
Consensus Rating	Moderate Buy	Moderate Buy
News Sentiment Rating	Positive News See Recent ARE News	Neutral News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

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Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/4/2024	Stifel Nicolaus 4 of 5 stars		Boost Target		C$30.00 ➝ C$31.00	+41.36%
9/23/2024	Canaccord Genuity Group 4 of 5 stars		Boost Target	Buy	C$25.00 ➝ C$28.00	+38.34%
9/16/2024	ATB Capital 4 of 5 stars		Boost Target	Outperform	C$21.00 ➝ C$29.00	+47.66%
7/29/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sector Perform	C$13.00 ➝ C$17.00	+4.74%
7/29/2024	National Bankshares Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Sector Perform ➝ Outperform	C$17.00 ➝ C$20.50	+26.31%
7/28/2024	National Bank Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Sytchev Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Strong-Buy
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7/26/2024	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold	C$17.00 ➝ C$16.00	+1.27%
7/25/2024	Stifel Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	I. Gillies Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Strong-Buy
7/24/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Dodge Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		C$17.50 ➝ C$16.50	+15.87%
7/11/2024	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$23.00 ➝ C$22.00	+49.97%
7/2/2024	Desjardins Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy	C$20.00 ➝ C$18.00	+25.70%
4/26/2024	Paradigm Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold	C$14.00 ➝ C$17.80	+4.58%
4/26/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform	C$16.00 ➝ C$17.00	-0.12%
7/28/2023	Industrial Alliance Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy	C$18.00 ➝ C$16.00	+47.47%
3/1/2023	Atb Cap Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Murray Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Sector Perform ➝ Outperform
1/16/2023	Laurentian Subscribe to MarketBeat All Access for the recommendation accuracy rating		Set Target	Hold	C$11.50	+9.73%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 05:54 AM ET.

ARE Forecast - Frequently Asked Questions

: According to the research reports of 13 Wall Street equities research analysts, the average twelve-month stock price forecast for Aecon Group is C$21.16, with a high forecast of C$31.00 and a low forecast of C$16.00.
: 13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Aecon Group in the last twelve months. There are currently 5 hold ratings, 6 buy ratings and 2 strong buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" ARE shares.
: According to analysts, Aecon Group's stock has a predicted downside of -3.32% based on their 12-month stock forecasts.
: Over the previous 90 days, Aecon Group's stock had 4 upgrades by analysts.
: Aecon Group has been rated by research analysts at ATB Capital, BMO Capital Markets, Canaccord Genuity Group, CIBC, National Bank Financial, National Bankshares, Royal Bank of Canada, Stifel Canada, Stifel Nicolaus, and TD Securities in the past 90 days.
: Analysts like Aecon Group more than other "industrials" companies. The consensus rating score for Aecon Group is 2.77 while the average consensus rating score for "industrials" companies is 2.68. Learn more on how ARE compares to other companies.

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This page (TSE:ARE) was last updated on 10/5/2024 by MarketBeat.com Staff

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