Short Interest in Aecon Group Inc. (OTCMKTS:AEGXF) Drops By 30.3%

Aecon Group Inc. (OTCMKTS:AEGXFGet Rating) was the target of a large decline in short interest in the month of April. As of April 30th, there was short interest totalling 274,100 shares, a decline of 30.3% from the April 15th total of 393,100 shares. Based on an average trading volume of 1,300 shares, the days-to-cover ratio is presently 210.8 days.

A number of equities analysts have recently commented on AEGXF shares. National Bank Financial lowered shares of Aecon Group from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, March 2nd. TD Securities dropped their price target on Aecon Group from C$22.00 to C$19.50 in a research report on Thursday, March 3rd. Raymond James lowered their target price on shares of Aecon Group from C$24.00 to C$23.00 in a research note on Thursday, March 3rd. Canaccord Genuity Group lowered their price objective on shares of 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, Royal Bank of Canada reduced their target price on Aecon Group from C$20.00 to C$18.00 in a research note on Wednesday, March 2nd. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $19.31.

Shares of OTCMKTS:AEGXF opened at $10.64 on Friday. The company has a 50-day moving average price of $12.49 and a 200-day moving average price of $13.09. Aecon Group has a 12 month low of $10.64 and a 12 month high of $17.47.

Aecon Group Company Profile (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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