National Bank Financial lifts Aecon Group stock target to CAD 66.00
Published on 10/15/2026 at 22:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSTarget and market position
- The National Bank Financial target rose to CAD 66.00 on October 15, 2026.
- Second-quarter revenue reached CAD 1.63 billion in 2026.
- Aecon Group stock costs EUR 32.20 at Lang & Schwarz on October 15, 2026 at 10:08 p.m. CEST, down 1.69 percent on the TSX.
- Aecon had scheduled third-quarter results for October 29, 2026.
National Bank Financial raised its target for Aecon Group from CAD 64.00 to CAD 66.00 in a report dated October 15, 2026, according to MarketBeat. Against the TSX price of CAD 51.23 on October 15, 2026, the new target stands 28.83 percent above the stock price. Aecon Group stock was trading at EUR 32.20 at Lang & Schwarz on October 15, 2026 at 10:08 p.m. CEST, down 1.69 percent on the day on the TSX.
Second-quarter figures set the baseline
Aecon reported CAD 1.63 billion in revenue and CAD 0.33 earnings per share for the second quarter of 2026, according to MarketBeat on October 15, 2026. The same report listed a negative net margin of 1.10 percent for the quarter, making execution and profitability important counters to the higher target.
Stock stays below the yearly high
The TSX price of CAD 51.23 on October 15, 2026 stood 14.56 percent below the 52-week high of CAD 59.96 and remained well above the 52-week low of CAD 23.93. Trading volume reached 627,066 shares against an average of 446,711 shares, which was 40.38 percent higher.
Aecon's market capitalization was CAD 3.5 billion as of October 15, 2026. Its trailing P/E ratio was minus 53.93, while the trailing dividend yield was 1.00 percent. The valuation therefore remains tied to the company's ability to convert infrastructure demand into durable earnings.
October brings the next results date
The company had scheduled its third-quarter 2026 financial results for October 29, 2026 after the market close, followed by a conference call on October 30, 2026 at 9:00 a.m. ET, according to the Aecon release dated September 23, 2026.
Comparison with peers
Aecon Group: minus 1.69 percent, P/E minus 53.93, market capitalization CAD 3.5 billion
WSP Global (TSX, CAD): plus 2.38 percent, P/E 23.61, market capitalization CAD 22.3 billion
Bird Construction (TSX, CAD): minus 4.11 percent, P/E 71.45, market capitalization CAD 4.3 billion
Trading moves into after-hours
The higher CAD 66.00 target and the October 29 results date give investors two concrete reference points, while the negative quarterly margin keeps execution central to the valuation discussion. Aecon Group stock was trading at EUR 32.20 at Lang & Schwarz on October 15, 2026 at 10:08 p.m. CEST, down 1.69 percent on the day on the TSX. The further course of trading is shown by the continuously updated real-time quote of Aecon Group stock.
Aecon Group market facts
- Company: Aecon Group Inc.
- ISIN: CA00762V1094
- Ticker: ARE
- Primary exchange: TSX
- Price Lang & Schwarz (as of October 15, 2026, 10:08 p.m. CEST): EUR 32.20
- Change on TSX: minus 1.69 percent
- Market capitalization: CAD 3.5 billion (as of October 15, 2026)
- 52-week range: CAD 23.93 to CAD 59.96 (as of October 15, 2026)
- Sector / Industry: Industrials / Engineering and Construction
- Next earnings date: October 29, 2026
Market context: Market report S&P/TSX Composite.
