The Globe and Mail reports in its Thursday, June 20, edition that Raymond James analyst Frederic Bastien has reaffirmed his "outperform" recommendation for Atkinsrealis Group. The Globe's David Leeder writes in the Eye On Equities column that Mr. Bastien gave his share target an $8 boost to $70. Analysts on average target the shares at $66. Mr. Bastien says in a note: "Atkinsrealis's predominantly Canadian investor base spent so much time focusing on the firm's myriad problems domestically that it was oblivious to its momentum abroad. Not anymore. We returned from last week's Investor Day in Toronto impressed with Atkinsrealis's 2025–2027 strategic plan to deliver excellence and drive growth, and confident in the leadership team's ability to build further shareholder value from here. In our opinion, Atkinsrealis can leverage its highly connected global organization and end-to-end capabilities to drive above-average organic growth and margin gains in engineering services. There are also opportunities for the firm to roll up small engineering firms to accelerate its 'Land and Expand' strategy in the U.S. On the nuclear side, Atkinsrealis is entering a super cycle in [an] enviable position."
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