Aecon Group (OTCMKTS:AEGXF) Stock Price Down 3.2% – What’s Next?

Aecon Group Inc. (OTCMKTS:AEGXF)’s stock price was down 3.2% on Wednesday . The company traded as low as $33.9525 and last traded at $33.9525. Approximately 5,504 shares changed hands during trading, a decline of 80% from the average daily volume of 27,448 shares. The stock had previously closed at $35.07.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on AEGXF shares. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Aecon Group in a research report on Thursday, April 30th. BMO Capital Markets reiterated a “market perform” rating on shares of Aecon Group in a report on Wednesday, April 29th. TD Securities reiterated a “buy” rating on shares of Aecon Group in a report on Thursday, April 30th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of Aecon Group in a report on Thursday, April 30th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold”.

Aecon Group Stock Up 0.1%

The company has a fifty day moving average of $33.51 and a 200-day moving average of $27.10.

About Aecon Group

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.