Aecon Group (OTCMKTS:AEGXF) Price Target Lowered to C$17.00 at Raymond James

Aecon Group (OTCMKTS:AEGXF – Get Rating) had its price target trimmed by Raymond James from C$21.00 to C$17.00 in a report published on Tuesday, The Fly reports.

AEGXF has been the subject of a number of other reports. BMO Capital Markets reduced their price objective on shares of Aecon Group from C$14.00 to C$13.00 in a research note on Monday. Desjardins lowered shares of Aecon Group from a buy rating to a hold rating in a research note on Tuesday. Stifel Nicolaus reduced their price objective on shares of Aecon Group from C$14.00 to C$11.00 in a research note on Tuesday. FIX lowered shares of Aecon Group from a buy rating to a hold rating and reduced their price objective for the company from C$20.00 to C$11.00 in a research note on Monday. Finally, Royal Bank of Canada reduced their price objective on shares of Aecon Group from C$16.00 to C$13.00 in a research note on Tuesday. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus price target of $16.72.

Aecon Group Price Performance

Shares of OTCMKTS AEGXF opened at $8.30 on Tuesday. Aecon Group has a twelve month low of $8.26 and a twelve month high of $17.47. The firm has a 50-day moving average of $10.33 and a two-hundred day moving average of $11.87.

Aecon Group Company Profile

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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 primarily on the civil infrastructure, urban transportation systems, nuclear power infrastructure, utility infrastructure, and conventional industrial infrastructure market sectors.

Further Reading

• Get a free copy of the StockNews.com research report on Aecon Group (AEGXF)
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