Aecon Group (OTCMKTS:AEGXF) Shares Down 1.4% – Here’s Why

Shares of Aecon Group Inc. (OTCMKTS:AEGXFGet Free Report) dropped 1.4% during mid-day trading on Tuesday . The company traded as low as $23.01 and last traded at $23.01. Approximately 5,564 shares traded hands during mid-day trading, a decline of 50% from the average daily volume of 11,095 shares. The stock had previously closed at $23.3380.

Analysts Set New Price Targets

A number of research firms have weighed in on AEGXF. Desjardins downgraded Aecon Group from a “buy” rating to a “hold” rating in a report on Friday, October 31st. Raymond James Financial reaffirmed an “outperform” rating on shares of Aecon Group in a research report on Tuesday, October 21st. TD Securities reiterated a “buy” rating on shares of Aecon Group in a research note on Friday, October 31st. National Bankshares reissued an “outperform” rating on shares of Aecon Group in a report on Friday, October 31st. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Aecon Group in a report on Monday, November 3rd. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Aecon Group has an average rating of “Moderate Buy” and an average price target of $23.00.

Get Our Latest Stock Report on AEGXF

Aecon Group Price Performance

The firm has a 50 day moving average price of $20.83 and a 200 day moving average price of $17.36.

About Aecon Group

(Get Free Report)

Aecon Group Inc, trading on the OTC market under the symbol AEGXF, is one of Canada’s leading publicly listed infrastructure development and construction companies. Headquartered in Toronto, Ontario, Aecon delivers services across a broad spectrum of sectors, including transportation, energy, mining, and urban development. Since its origins in the late 19th century, Aecon has grown through a series of mergers and strategic acquisitions into a full-service contractor capable of executing projects of varying complexity and scale.

The company’s core business is organized into three main segments: Infrastructure, Urban Development and Concessions, and Industrial.

Further Reading

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