01:34 PM EDT, 06/26/2025 (MT Newswires) -- AtkinsRealis Group ( SNCAF ) is buying back 7 million of its shares held by La Caisse for $636 million, which Stifel Canada views is a good use of proceeds given the company's net cash position after the sale of its interest in Highway 407.

The stock remains Stifel Canada's best large-cap idea.

"We still view ATRL as a catalyst rich story through M&A and new nuclear awards," writes analyst Ian Gillies, but he notes that the 2026E valuation entry point is "good but not great" with the valuation at 12.2x EV/EBITDA and 22.5x P/E.

Gillies still does not believe the valuation fully reflects the potential of the nuclear business which continues to offer above average growth rates and adj. EBITDA margins.

AtkinsRealis ( SNCAF ) is rated Buy with a $108 target.

Price: 93.52, Change: -0.16, Percent Change: -0.17