Aecon Group (OTCMKTS:AEGXF) Trading Down 3.2% – Should You Sell?

Aecon Group Inc. (OTCMKTS:AEGXF)’s share price traded down 3.2% during trading on Wednesday . The stock traded as low as $33.9525 and last traded at $33.9525. 5,504 shares were traded during mid-day trading, a decline of 80% from the average session volume of 27,448 shares. The stock had previously closed at $35.07.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. BMO Capital Markets restated a “market perform” rating on shares of Aecon Group in a research report on Wednesday, April 29th. TD Securities restated a “buy” rating on shares of Aecon Group in a research report on Thursday, April 30th. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Aecon Group in a research report on Thursday, April 30th. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of Aecon Group in a research report on Thursday, April 30th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Aecon Group currently has a consensus rating of “Hold”.

Aecon Group Stock Performance

The business has a 50-day moving average price of $33.47 and a 200-day moving average price of $27.02.

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.