Aecon Group (OTCMKTS:AEGXF) Trading Down 1.4% – Here’s What Happened

Aecon Group Inc. (OTCMKTS:AEGXF)’s share price was down 1.4% during mid-day trading on Tuesday . The stock traded as low as $18.05 and last traded at $18.05. Approximately 19,825 shares changed hands during mid-day trading, an increase of 106% from the average daily volume of 9,632 shares. The stock had previously closed at $18.30.

Analyst Upgrades and Downgrades

AEGXF has been the topic of several analyst reports. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Aecon Group in a research note on Monday, November 3rd. Desjardins cut shares of Aecon Group from a “buy” rating to a “hold” rating in a research report on Friday, October 31st. Raymond James Financial reaffirmed an “outperform” rating on shares of Aecon Group in a research note on Tuesday, October 21st. National Bankshares reissued an “outperform” rating on shares of Aecon Group in a research note on Friday, October 31st. Finally, TD Securities restated a “buy” rating on shares of Aecon Group in a report on Friday, October 31st. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $23.00.

Aecon Group Price Performance

The company’s fifty day simple moving average is $18.41 and its 200 day simple moving average is $15.75.

Aecon Group Company Profile

Aecon Group Inc, together with its subsidiaries, provide construction and infrastructure development services to private and public sector clients in Canada, the United States, and internationally. It operates through two segments, Construction and Concessions. The Construction segment focuses on civil infrastructure, urban transportation solutions, nuclear power infrastructure, utility infrastructure, and conventional industrial infrastructure market sectors.