Aecon Group (OTCMKTS:AEGXF) Trading Down 1.4% – What’s Next?
by Teresa Graham · The Cerbat GemAecon Group Inc. (OTCMKTS:AEGXF – Get Free Report) fell 1.4% on Tuesday . The stock traded as low as $23.01 and last traded at $23.01. 5,564 shares traded hands during trading, a decline of 50% from the average session volume of 11,095 shares. The stock had previously closed at $23.3380.
Analyst Ratings Changes
A number of analysts recently commented on the company. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Aecon Group in a research report on Monday, November 3rd. TD Securities reaffirmed a “buy” rating on shares of Aecon Group in a research report on Friday, October 31st. Raymond James Financial reiterated an “outperform” rating on shares of Aecon Group in a research note on Tuesday, October 21st. Desjardins downgraded shares of Aecon Group from a “buy” rating to a “hold” rating in a report on Friday, October 31st. Finally, National Bankshares restated an “outperform” rating on shares of Aecon Group in a research note on Friday, October 31st. Three equities research 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.com, the company has a consensus rating of “Moderate Buy” and an average target price of $23.00.
Check Out Our Latest Stock Analysis on AEGXF
Aecon Group Stock Performance
The company has a 50 day moving average price of $20.93 and a 200-day moving average price of $17.40.
Aecon Group Company Profile
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.