Aecon Group Inc. (OTCMKTS:AEGXF) Given Average Rating of “Buy” by Brokerages

Shares of Aecon Group Inc. (OTCMKTS:AEGXFGet Rating) have been assigned a consensus recommendation of “Buy” from the eleven research firms that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $19.54.

Several equities research analysts have issued reports on the stock. BMO Capital Markets lowered their price target on shares of Aecon Group from C$18.00 to C$17.00 in a research note on Friday, April 29th. Maxim Group lowered their target price on Aecon Group from C$22.50 to C$21.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 5th. Royal Bank of Canada reduced their price target on Aecon Group from C$20.00 to C$18.00 in a research report on Wednesday, March 2nd. Canaccord Genuity Group lowered their price target on Aecon Group from C$25.00 to C$20.00 and set a “buy” rating on the stock in a research report on Thursday, March 3rd. Finally, Raymond James cut their price objective on Aecon Group from C$24.00 to C$23.00 in a report on Thursday, March 3rd.

OTCMKTS AEGXF opened at $11.03 on Wednesday. The firm’s 50 day moving average is $12.78 and its 200-day moving average is $13.37. Aecon Group has a 12-month low of $11.03 and a 12-month high of $17.47.

About Aecon Group (Get Rating)

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.

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Analyst Recommendations for Aecon Group (OTCMKTS:AEGXF)

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