Aecon Group (OTCMKTS:AEGXF) Trading Down 1.3% – Here’s Why

Aecon Group Inc. (OTCMKTS:AEGXFGet Free Report)’s stock price was down 1.3% during mid-day trading on Wednesday . The company traded as low as $26.95 and last traded at $27.00. Approximately 22,616 shares changed hands during mid-day trading, an increase of 35% from the average daily volume of 16,785 shares. The stock had previously closed at $27.3575.

Analyst Upgrades and Downgrades

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

Check Out Our Latest Stock Analysis on Aecon Group

Aecon Group Stock Down 1.3%

The firm has a fifty day moving average of $23.86 and a 200-day moving average of $19.51.

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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