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Atkinsrealis Group Inc
Symbol ATRL
Shares Issued 174,840,352
Close 2024-12-09 C$ 75.68
Market Cap C$ 13,231,917,839
Recent Sedar Documents

Globe says Atkinsrealis Group maintained at "buy"

2024-12-10 08:34 ET - In the News

The Globe and Mail reports in its Tuesday, Dec. 10, edition that Atkinsrealis Group remains Desjardins Securities analyst Frederic Tremblay's top pick in engineering and construction. The Globe's David Leeder writes that Mr. Tremblay continues to rate the shares "buy." He gave his share target a $4 boost to $91. Analysts on average target the shares at $82.50. Mr. Tremblay says in a note: "We see greater potential in this turnaround story despite the share price increase due to: (1) rerating opportunities; (2) completion of LSTK work; (3) monetization of non-core assets; (4) a high-growth nuclear business; (5) lower relative U.S. exposure; and (6) the most attractive potential return in our E&C universe. For those who are more skeptical of the nuclear trend, WSP Global remains a solid alternative and is No. 2 in our pecking order. Moreover, we view E&C as the best positioned sector in our coverage universe entering 2025. We like the setup for several reasons -- clean balance sheets, expected interest rate cuts boosting construction activity, margin upside from high-value/lowcost centres, low material risk of U.S. infrastructure spending cuts and the sector's safety net against tariff risk."

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