Aecon Group (OTCMKTS:AEGXF) Stock Price Down 0.4% – Should You Sell?

Aecon Group Inc. (OTCMKTS:AEGXF – Get Free Report) shares fell 0.4% during trading on Thursday . The company traded as low as $34.64 and last traded at $34.82. 12,268 shares traded hands during trading, a decline of 61% from the average session volume of 31,272 shares. The stock had previously closed at $34.9760.

Wall Street Analyst Weigh In

Several brokerages have commented on AEGXF. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Aecon Group in a research report on Thursday, April 30th. Raymond James Financial raised Aecon Group from an “outperform” rating to an “outperform” rating in a research note on Friday, July 3rd. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Aecon Group in a research note on Thursday, April 30th. TD Securities reissued a “buy” rating on shares of Aecon Group in a research note on Thursday, April 30th. Finally, BMO Capital Markets restated a “market perform” rating on shares of Aecon Group in a report on Wednesday, April 29th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Aecon Group has a consensus rating of “Hold”.

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Aecon Group Price Performance

The firm’s fifty day moving average price is $33.86 and its 200-day moving average price is $30.10.

Aecon Group Company Profile

(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.

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