Analyst Reco. Aecon Group Inc.

Equities

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CA00762V1094

Construction & Engineering

Delayed Toronto S.E. Other stock markets 16:08:23 12/02/2026 GMT			5-day change	1st Jan Change
35.83 ^CAD	-2.34%		+3.11%	+14.61%

01-27	CIBC on Implications of Higher Canadian Defence Spending For E&C Sector	MT
01-06	Aecon Utilities Acquires High-voltage Testing, Metering Solutions Contractor KPC	MT

Analyst Reco.

31/10/25	Aecon Group Price Target Raised to $30 at Stifel Canada	MT
31/10/25	Aecon Group Downgraded to Market Perform at Raymond James on Valuation	MT
30/10/25	Aecon Group Maintained at Hold at Stifel Canada Following Q3 Results; Price Target at C$24.00	MT
27/10/25	Stifel Canada on Aecon Group's U.S. Addressable Market	MT
24/09/25	Nation-Building Projects Should Narrow Canada's Infrastructure Gap, Says National Bank	MT
05/08/25	Aecon Group Price Target Raised to $22 at RBC	MT
01/08/25	Aecon Group Maintained at Hold by Stifel Canada Following Q2 Results; Price Target Kept at C$19.00	MT
31/07/25	Aecon Q2 revenue up 52%, beats expectations	RE
24/04/25	Aecon Brief: Keeps Outperform, Target Eased To C$22 from $23 at National Bank On Lower Expected Free Cash Flow Generation	MT
07/03/25	Aecon Group Downgraded to Hold at Stifel GMP Following Q4 Results; Price Target Cut to C$19.00	MT
07/03/25	Aecon Group Price Target Lowered at TD, CIBC	MT
28/01/25	Aecon Group Brief: Adds Implementation phase will now commence under a target price contract.	MT
28/01/25	Aecon Consortium Reaches Commercial Close on Target Price Transit Project	CI
23/01/25	National Bank on Aecon Group, AtkinsRealis JV Pickering Award	MT
04/12/24	Aecon Group Downgraded, While Price Target Raised at National Bank	MT
04/12/24	Aecon Brief: Downgraded To Sector Perform From Outperform, But Target Raised To C$30 From $28 at National Bank	MT
04/11/24	Aecon Group Upgraded to Buy at TD	MT
04/11/24	Aecon Group Price Target Raised to $25 at RBC	MT
16/10/24	CIBC Raises Price Target on Aecon and Finning, Lowers Target on Ag Growth	MT
09/09/24	Aecon Group Maintained at Buy at Stifel GMP as Says Company is its Top Trade Idea; Price Target Raised to C$30.00	MT
29/07/24	National Bank Upgrades Aecon to Outperform, Lifts Target to $20.50, Says "Worst is Likely Behind"	MT
29/07/24	Aecon Group Price Target Raised to $17 at RBC	MT
26/07/24	Aecon Group Upgraded to Buy at Stifel GMP Following Q2 Results; Price Target Raised toC$25.00	MT
11/07/24	Aecon Group Price Target Lowered to $22 at CIBC	MT
03/07/24	Aecon Group Maintained at Hold at Stifel GMP Following Acquisition; Price Target Raised to C$16.50	MT

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Analyst Reco. Aecon Group Inc.

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CA00762V1094

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