Aecon Group (OTCMKTS:AEGXF) Shares Up 4.1% – Here’s Why

Aecon Group Inc. (OTCMKTS:AEGXF)’s share price was up 4.1% on Tuesday . The stock traded as high as $23.05 and last traded at $23.05. Approximately 37,358 shares were traded during trading, an increase of 251% from the average daily volume of 10,640 shares. The stock had previously closed at $22.14.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. National Bankshares reiterated an “outperform” rating on shares of Aecon Group in a report on Friday, October 31st. Royal Bank Of Canada restated a “sector perform” rating on shares of Aecon Group in a report on Monday, November 3rd. TD Securities reiterated a “buy” rating on shares of Aecon Group in a report on Friday, October 31st. Desjardins lowered Aecon Group from a “buy” rating to a “hold” rating in a research note on Friday, October 31st. Finally, Raymond James Financial restated an “outperform” rating on shares of Aecon Group in a report on Tuesday, October 21st. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $23.00.

Aecon Group Price Performance

The stock has a fifty day moving average price of $19.28 and a 200-day moving average price of $16.42.

About Aecon Group

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 on civil infrastructure, urban transportation solutions, nuclear power infrastructure, utility infrastructure, and conventional industrial infrastructure market sectors.