Stifel Nicolaus Lowers Aecon Group (OTCMKTS:AEGXF) Price Target to C$11.00

Aecon Group (OTCMKTS:AEGXFGet Rating) had its price target lowered by investment analysts at Stifel Nicolaus from C$14.00 to C$11.00 in a research note issued on Tuesday, The Fly reports.

A number of other analysts have also commented on the stock. FIX lowered shares of Aecon Group from a “buy” rating to a “hold” rating and reduced their price target for the stock from C$20.00 to C$11.00 in a research note on Monday. BMO Capital Markets dropped their price objective on shares of Aecon Group from C$14.00 to C$13.00 in a report on Monday. TD Securities downgraded shares of Aecon Group from a “buy” rating to a “hold” rating in a report on Tuesday. Desjardins downgraded shares of Aecon Group from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Royal Bank of Canada dropped their price objective on shares of Aecon Group from C$16.00 to C$13.00 in a report on Tuesday. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Aecon Group presently has a consensus rating of “Hold” and a consensus price target of $16.72.

Aecon Group Trading Up 2.8 %

Shares of AEGXF stock opened at $8.53 on Tuesday. The company has a 50 day moving average price of $10.29 and a 200-day moving average price of $11.84. Aecon Group has a 52 week low of $8.26 and a 52 week high of $17.47.

About Aecon Group

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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.

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