Aecon Group (OTCMKTS:AEGXF) Trading Up 0.3% – Time to Buy?

Shares of Aecon Group Inc. (OTCMKTS:AEGXF) rose 0.3% on Tuesday . The company traded as high as $24.48 and last traded at $24.35. Approximately 19,780 shares changed hands during trading, an increase of 27% from the average daily volume of 15,558 shares. The stock had previously closed at $24.27.

Analysts Set New Price Targets

A number of brokerages recently commented on AEGXF. TD Securities reiterated a “buy” rating on shares of Aecon Group in a research report on Friday, October 31st. Desjardins lowered shares of Aecon Group from a “buy” rating to a “hold” rating in a report on Friday, October 31st. 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. Finally, Raymond James Financial restated an “outperform” rating on shares of Aecon Group in a research note on Tuesday, October 21st. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Aecon Group currently has an average rating of “Moderate Buy” and a consensus price target of $23.00.

Aecon Group Trading Up 0.3%

The firm has a 50-day simple moving average of $21.62 and a two-hundred day simple moving average of $18.28.

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.